facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

1001 Wilshire Boulevard, Lo...

Kidder Mathews Brokers Sell Office Property On Wilshire Blvd. In Downtown LA For $23.5M
SOLDOffice

Kidder Mathews Brokers Sell Office Property On Wilshire Blvd. In Downtown LA For $23.5M

1001 Wilshire Boulevard, Los Angeles, CA 90017

$23,500,000

$409/SF

Building Size

57,358 SF

Asset Type

Office

Closing

Dec 13, 2021

AI

The office property located at 1001/1015 Wilshire Blvd. in Downtown Los Angeles was recently sold for a total price of $23,500,000. The transaction took place on December 13, 2021. The property spans a total of 57,358 square feet, resulting in a price per square foot of $409. The sale was facilitated by brokers John Anthony, Chris Steck, and Chris Giordano from Kidder Mathews.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $23,500,000
  • Address: 1001/1015 Wilshire Blvd., Downtown Los Angeles
  • Market: Downtown Los Angeles
  • SF: 57,358
  • PPSF: $409

The successful sale of the office property was made possible by the diligent efforts of brokers John Anthony, Chris Steck, and Chris Giordano from Kidder Mathews. They played a crucial role in representing the parties involved in the transaction and ensuring a smooth deal. Their expertise and professionalism contributed to the completion of this significant real estate transaction in Downtown Los Angeles.

Players

John Anthony

Kidder Mathews

Broker

$91.8M

vol

14 deals

Broker

Los Angeles Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93