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
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