The Perera Family Trust Sells Office Industrial Asset At 1831 Pontius Avenue For $4.425M
1831 Pontius Avenue
$4,425,000
$885/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Sep 27, 2024
AI
The property is located at 1831 Pontius Avenue in Los Angeles, characterized as an office/industrial asset. The sale was completed for a total price of $4,425,000, encompassing a total area of 5,000 square feet, which equates to a price per square foot of $885.
Summary of transaction details:
- Property Type: Office/Industrial
- Transaction Amount: $4,425,000
- Square Footage: 5,000
- Price Per Square Foot: $885
- Seller: The Perera Family Trust
- Broker Representatives: Neal Golub & Ryan Gurman - CBRE
- Date of Transaction: 09/27/2024
The transaction involved the representation of the seller by the brokers Neal Golub and Ryan Gurman from CBRE, indicating their professional involvement in facilitating the sale of the property on behalf of The Perera Family Trust.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.58%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93