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Montana Avenue Capital Partners Acquires Mixed-Use Property In Culver City For $14.85M

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SOLD
$14,850,000

California

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Mixed-use57,868 SF
Sold 01/28/2025
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Property Image
SOLD

Montana Avenue Capital Partners Acquires Mixed-Use Property In Culver City For $14.85M

5600 West Centinela Avenue

See Similar Deals
Mixed-use57,868 SF
Sold 01/28/2025
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$256
Total Square Footage:57,868 SF
Transaction Type:Sale

The property involved in the transaction is a mixed-use asset located at 5600-5650 West Centinela Avenue in Culver City, Los Angeles, covering an area of 1.7 acres. The sale price of the property was $14,850,000, with a total square footage of 57,868, resulting in a price per square foot of $257.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $14,850,000
  • Address: 5600-5650 West Centinela Avenue
  • Market: Culver City, Los Angeles
  • Square Footage: 57,868
  • Price per Square Foot: $257
  • Buyer: Jeremy K. Rogers - Montana Avenue Capital Partners
  • Seller: Jeff Krasnoff - Rialto Capital
  • Brokers: Kristen Bowman & Steve Solomon - Colliers

The transaction was brokered by Colliers, with Kristen Bowman and Steve Solomon representing the parties involved. The campus features open-plan spaces and is targeted to appeal to tenants in the tech, entertainment, or media sectors within the Silicon Beach market.

Players

Kristen Bowman
9 deals$308.8M volume(916) 207-2041
BROKER

Steven (Steve) Solomon
Colliers
5 deals$259.3M volume(310) 704-9693
BROKER

Details

SOLD
IMAGE: Jeremy K. Rogers, Jeff Krasnoff, Kristen Bowman & Steve Solomon DATE: 01/28/2025 ADDRESS: 5600-5650 West Centinela Avenue MARKET: Culver City, Los Angeles ASSET TYPE: Mixed-use ~ ACRES: 1.7 BUYER: Jeremy K. Rogers - Montana Avenue Capital Partners SELLER: Jeff Krasnoff - Rialto Capital BROKERS: Kristen Bowman & Steve Solomon - Colliers (@ColliersInternational) SALE PRICE: $14,850,000 SF: 57,868 ~ PPSF: $257 NOTE: Colliers brokered the $14.85 million sale of Campus 56, a 57,868-square-foot mixed-use property in Culver City, to Montana Avenue Capital Partners. The vacant two-building campus, marketed by Steve Solomon and Kristen Bowman, features open-plan spaces and is positioned to attract tech, entertainment, or media tenants in the thriving Silicon Beach market.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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