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6201 Bristol Parkway, Culve...

M.C. Strauss Co. Sells Culver City Development Site For $56M
SOLDDevelopment Site

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

Janet Neman

Kidder Mathews

Broker

$483.6M

vol

26 deals

Broker

Will Strauss

M.C. Strauss Co.

Seller

$138.5M

vol

4 deals

Seller

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