Wells Fargo Provides $12.5 Million Refinance Loan For Security Industry Specialists Office In Culver City
6035 Bristol Parkway & 6071 Bristol Parkway
$12,500,000
$1,440/SF
Building Size
8,678 SF
Asset Type
Office
Closing
Feb 27, 2026
AI
The property involved in the transaction consists of office assets located at 6035 Bristol Parkway and 6071 Bristol Parkway in Culver City, CA. The total square footage of the assets is 52,845. The refinance loan amount secured for the property is $12,500,000 with a loan term of 5 years. The lender for this transaction is Wells Fargo.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,500,000
- Loan Type: Refinance
- Loan Terms: 5 years
- Lender: Wells Fargo
- Landlord: Security Industry Specialists
- Brokers: Alex Olson & Jenny Barger - JLL
- Market: Culver City, CA; Seattle & Austin
Key individuals facilitating this transaction include brokers Alex Olson and Jenny Barger from JLL, representing the landlord Security Industry Specialists in this refinancing deal. Their involvement highlights the professional relationships established within the market across multiple locations which include Culver City, Seattle, and Austin.
Players
Culver City Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93