M.C. Strauss Co. Sells Culver City Development Site For $56M
SOLD
$56,000,000
California
See Similar DealsDevelopment Site
Sold 08/01/2022
SOLD
M.C. Strauss Co. Sells Culver City Development Site For $56M
6201 Bristol Parkway, Culver City, California 90230, United States
See Similar DealsDevelopment Site
Sold 08/01/2022
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
The development site located at 6201-6229 Bristol Parkway in Culver City, CA has been sold for a total of $56,000,000. The property spans across 7.05 acres, offering a significant amount of space for development. The sale took place on 08/01/2022.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $56,000,000
- Address: 6201-6229 Bristol Parkway
- Market: Culver City, CA
- Acres: 7.05
Janet Neman and Brian Jensen, representing Kidder Mathews, acted as the buyer's representatives in this transaction. On the seller's side, M.C. Strauss Co., represented by Will Strauss, facilitated the sale. It is worth noting that the property was sold under Charles Dunn Company.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,986,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$198,956.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$265,468.57
Annual Debt Service$3,185,622.84
Is there something missing? Send suggestions