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1831 Pontius Avenue

The Perera Family Trust Sells Office Industrial Asset At 1831 Pontius Avenue For $4.425M
SOLDRetail

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

Ryan Gurman

CBRE

Broker

$35.9M

vol

14 deals

Broker

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