772 S. Los Angeles St. Retail Property In Downtown Los Angeles Sells For $5.25M
SOLD
California
See Similar DealsRetail17,096 SF
Sold 04/22/2021
SOLD
772 S. Los Angeles St. Retail Property In Downtown Los Angeles Sells For $5.25M
772 South Los Angeles Street, Los Angeles, Ca, Usa
See Similar DealsRetail17,096 SF
Sold 04/22/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$307
Total Square Footage:17,096 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
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