Updated Dec 20, 2023
PSRS Represents $6.4M Office Loan In Rancho Palos Verdes
28924 South Western Avenue, Rancho Palos Verdes, California 90275, United States
$6,400,000
$139/SF
Building Size
45,837 SF
Asset Type
Office
Closing
Sep 8, 2022
About this deal
AI
The property involved in the transaction is an office space located at 28924 S Western Ave in Rancho Palos Verdes. The property has a total square footage of 45,837 and consists of 65 units. The transaction took place on 09/09/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,400,000
- Loan Amount: $6,400,000
- Loan Terms: Five-year loan with a 25-year amortization schedule
The deal was facilitated by Trevor Blood from PSRS. Trevor Blood acted as the broker representing the parties involved in the transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93