SOLD
Six Peak Capital Acquires 2859-2883 Francis Ave Development Site In Koreatown For $7.75M
2859-2883 Francis Avenue
Development Site
27,000 SF
27,000 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Development Site
27,000 sqft
A development site located at 2859-2883 Francis Ave in Koreatown has been sold in a recent transaction. The property consists of four contiguous lots, offering the potential to build up to 116 units. The transaction took place on 03/04/2020.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,750,000
- Address: 2859-2883 Francis Ave, Koreatown
The buyer, Six Peak Capital, acquired the property from the seller, Francis/Lily LLC. The brokers involved in the deal were Dario Svidler, Justin Ruder, David Johnstone, and Peter Ciriello.
The price for the development site was $7,750,000, with a building square footage of 27,000. This results in a price per square foot (PPBSF) of $287.04.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: @JustinRuder, Dario Svidler @Dario1515, David Johnstone & Peter Ciriello @Parners.CRE
DATE: 03/04/2020
ADDRESS: 2859-2883 Francis Ave
MARKET: Koreatown
ASSET TYPE: Development Site
BUYER: Six Peak Capital
SELLER: Francis/Lily LLC
BROKERS: Dario Svidler, Justin Ruder, David Johnstone, Peter Ciriello
PRICE: $7,750,000
BSF: 27,000 ~ PPBSF: $287.04.04
NOTES: Four contiguous lots in Koreatown with potential to build up to 116 units.View on map
Loading...
Address2859-2883 Francis Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want