Mitchell Hersch Sells Office Asset In Culver City For $8.75M With Jared Swedelson As Seller's Representative
5830 Uplander Way
$8,750,000
$661/SF
Building Size
13,237 SF
Asset Type
Industrial
Closing
Mar 31, 2026
AI
The property involved in this transaction is an office asset located at 5830 Uplander Way in Culver City. The sale took place at a price of $8,750,000, with a square footage of 13,237, resulting in a price per square foot of $661.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,750,000
- Address: 5830 Uplander Way
- Market: Culver City
- Seller: Mitchell Hersch
- Seller's Representative: Jared Swedelson - NAI Capital
This transaction highlights the role of Mitchell Hersch as the seller and Jared Swedelson from NAI Capital as the representative facilitating the deal. Their involvement indicates a structured negotiation process that led to the successful closing of the sale.
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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93