The Perera Family Trust Sells Office Industrial Asset At 1831 Pontius Avenue For $4.425M
SOLD
$4,425,000
California
See Similar DealsRetail5,000 SF
Sold 09/27/2024
SOLD
The Perera Family Trust Sells Office Industrial Asset At 1831 Pontius Avenue For $4.425M
1831 Pontius Avenue
See Similar DealsRetail5,000 SF
Sold 09/27/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$885
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$235,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,721.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,976.76
Annual Debt Service$251,721.09
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