Atlas Capital Group & Eastern Real Estate Acquire Retail Property In Los Angeles
2560 Colorado Boulevard, Los Angeles, CA, USA
$76,000,000
$163/SF
Building Size
466,000 SF
Asset Type
Retail
Closing
Jun 28, 2020
AI
The retail property located at 2560 & 2700 Colorado Boulevard in Eagle Rock Mall has been sold in a transaction that took place on June 28, 2021. The property spans across 466,000 square feet and is situated in the Los Angeles market. The sale was facilitated by Brian Kelly, Daniel Doherty, and Kyle Miller.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $76,000,000
- Address: 2560 & 2700 Colorado Boulevard - Eagle Rock Mall
- Market: Los Angeles
The buyer of the property was Atlas Capital Group and Eastern Real Estate, with Brian Kelly and Daniel Doherty representing them in the deal. The seller was LNR Partners, and their representative was Kyle Miller from Newmark. The transaction had a price per square foot of $163.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93