Updated Oct 29, 2026
Harrison Addy Acquires Industrial Asset At 5880 Adams Boulevard Culver City For $11 Million
5880 Adams Boulevard
$11,000,000
$459/SF
Building Size
23,951 SF
Asset Type
Industrial
Closing
Oct 13, 2026
About this deal
AI
This industrial property is located at 5880 Adams Boulevard in Culver City. The sale price of the property was $11,000,000, with a total square footage of 23,951, resulting in a price per square foot of $459.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Square Footage: 23,951
- Price per Square Foot: $459
- Market: Culver City
- Buyer: Harrison Addy
- Broker: Jared Swedelson - NAI Capital
Jared Swedelson represented the buyer, Harrison Addy, in this transaction. The deal reflects activity in the industrial asset market within Culver City.
On the Map
$11,000,000
$459/SF
Industrial
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Players
Culver City Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93