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Jeremy Shore Acquires Development Site In Koreatown For $3.5M

743-749 Gramercy Drive
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This Development Site property located in CA was sold for $3,537,500 almost 5 years ago. The broker of the deal was Jeremy Shore

A development site in Koreatown has been sold for $3,537,500. Located at 743-749 Gramercy Dr, the site spans an area of 13,106 square feet. With a price per square foot of $269.91, the property comprises six units, resulting in a price per unit of $589,583. The transaction reflects a capitalization rate of 2.9%. Jeremy Shore of Maher Commercial brokered the deal.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,537,500
  • Address: 743-749 Gramercy Dr
  • Market: Koreatown
  • Square Footage: 13,106
  • Price per Square Foot: $269.91
  • Units: 6
  • Price per Unit: $589,583
  • Capitalization Rate: 2.9%

Jeremy Shore of Maher Commercial facilitated the transaction of this Koreatown development site.

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Deals
  • Location
    749 Gramercy Drive, Los Angeles, CA, USA749 Gramercy Drive, Los Angeles, CA, USA
  • Sale Price
    $3,537,500$3,537,500
    $269 PPSF$269 PPSF
  • Area
    13,106 SF13,106 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Jeremy Shore

Jeremy Shore

Deals9
Sold$37.5M

Agency

Maher Commercial Realty

Maher Commercial Realty

Agency
Deals38
Volume$182.2M

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Deal Summary

SALE IMAGE: Jeremy Shore @jashore @mahercommercial DATE: 05/31/2019 ADDRESS: 743-749 Gramercy Dr MARKET: Koreatown ASSET TYPE: Development Site PRICE: $3,537,500 SF: 13,106 PPSF: $269.91 UNITS: 6 PPU: $589,583 CAP: 2.9% BROKERS: Jeremy Shore

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743-749 Gramercy Drive

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