Lorena Tomb Reed & Zoey Granott Of Urbanlime Real Estate Facilitate $4.2M Sale Of Historic Olympic Theatre In Los Angeles
313 West 8th Street
$4,200,000
$360/SF
Building Size
11,659 SF
Asset Type
Retail
Closing
May 1, 2024
AI
The historic Olympic Theatre at 313 W 8th St in downtown LA has been sold for $4.2 million. The property, spanning 11,659 square feet, was represented by Lorena Tomb Reed and Zoey Granott, amidst the bustling commercial district near the Apple Tower Theatre store and other notable establishments.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Address: 313 West 8th Street
- Market: Los Angeles
- Square Footage: 11,659
- Price per Square Foot: $360
- Brokers: Lorena Tomb Reed & Zoey Granott - Urbanlime Real Estate
The sale of the Olympic Theatre in downtown LA was facilitated by Lorena Tomb Reed and Zoey Granott of Urbanlime Real Estate, showcasing their expertise in the local commercial real estate market.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93