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
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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