Asana Partners Acquires Property From Engine Real Estate For $23 Million At 5715 N Figueroa St
SOLD
$23,000,000
California
See Similar DealsRetail
Sold 07/27/2018
SOLD
Asana Partners Acquires Property From Engine Real Estate For $23 Million At 5715 N Figueroa St
5715 N Figueroa St, Los Angeles, CA...
See Similar DealsRetail
Sold 07/27/2018
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
The property located at 5715 N Figueroa St, Los Angeles, CA is characterized by its recent sale price of $23,000,000.00. The transaction involved an asset comprising 0 square feet within the Los Angeles market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $23,000,000.00
- Address: 5715 N Figueroa St, Los Angeles, CA
- Market: Los Angeles
- Seller: Engine Real Estate
- Buyer: Asana Partners
- Seller's Representative: Dana Brody (Marcus & Millichap)
This transaction highlights the involvement of key representatives in the deal, with Dana Brody from Marcus & Millichap acting on behalf of the seller, Engine Real Estate, while Asana Partners is noted as the buyer in this transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,226,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81
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