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6101 W Centinela Ave, Culve...

CBRE Acquires Office Buildings In Culver City For $70M
FINANCEDOffice

CBRE Acquires Office Buildings In Culver City For $70M

6101 W Centinela Ave, Culver City, CA 90230, USA

$70,000,000

$314/SF

Building Size

222,868 SF

Asset Type

Office

Closing

Oct 12, 2020

AI

Watt Investment Partners recently closed a significant office transaction in Culver City. The property, located at 6101 W. Centinela Ave and 3000 S. Robertson Blvd, attracted the attention of investors and brokers alike. The deal involved a loan amount of $70,000,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $70,000,000
  • Market: Culver City
  • Landlord: Watt Investment Partners

CBRE's brokers, Greg Grant, Todd Tydlaska, Sean Sullivan, and Mike Longo, played a crucial role in facilitating the transaction. Their expertise and negotiation skills were key in securing the deal for their client. The property's prime location in Culver City's market further added to its appeal.

Players

Michael Longo

CBRE

Broker

$1.9B

vol

32 deals

Broker

Culver City Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93