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772 South Los Angeles Stree...

772 S. Los Angeles St. Retail Property In Downtown Los Angeles Sells For $5.25M
SOLDRetail

772 S. Los Angeles St. Retail Property In Downtown Los Angeles Sells For $5.25M

772 South Los Angeles Street, Los Angeles, Ca, Usa

$5,250,000

$307/SF

Building Size

17,096 SF

Asset Type

Retail

Closing

Apr 22, 2021

AI

772 S. Los Angeles St. in Downtown Los Angeles was recently sold for $5,250,000. The property, which is a retail asset, spans a total area of 17,096 square feet. The price per square foot was $307.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $5,250,000
  • Square Footage: 17,096
  • Price per Square Foot: $307
  • Address: 772 S. Los Angeles St.
  • Market: Downtown Los Angeles

The sale of this retail property was facilitated by brokers Brandon Michaels, Matthew Luchs, Andrew Leff, and Ben Brownstein. They represented the parties involved in this closed transaction.

Players

Ben Brownstein

Marcus & Millichap

Broker

$40.5M

vol

10 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93