Amstar & Harbor Associates Acquire Office Building In Century City For $20.2M
10281 West Pico Boulevard, Century City, Los Angeles, CA, USA
$20,175,000
$556/SF
Building Size
36,252 SF
Asset Type
Office
Closing
Nov 30, 2021
AI
Amstar and Harbor Associates have acquired an office property located at 10281 West Pico Boulevard in Century City. The transaction, facilitated by Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, Alex Beaton, Sean Fulp, Ryan Plummer, and Mark Schuessler of Newmark, took place on 11/30/2021. The property spans across 36,252 square feet, with a sale price of $20,175,000, resulting in a price per square foot of $556.
Summary of transation details
- Property Type: Office
- Transaction Amount: $20,175,000
- Address: 10281 West Pico Boulevard
- Market: Century City
The purchase was made by Amstar and Harbor Associates, with the assistance of their brokers Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, Alex Beaton, Sean Fulp, Ryan Plummer, and Mark Schuessler from Newmark. This acquisition showcases the continued interest and investment in the commercial real estate market within Century City.
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
0.79%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93