M.C. Strauss Co. Sells Culver City Development Site For $56M
6201 Bristol Parkway, Culver City, California 90230, United States
$56,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 31, 2022
AI
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
Culver City Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93