Updated Oct 29, 2024
Redcar Properties Acquires Culver City Office Building From Lionstone Group
10395 Jefferson Boulevard, Culver City, CA, USA
$73,500,000
$967/SF
Building Size
76,000 SF
Asset Type
Office
Closing
Dec 19, 2019
About this deal
AI
The Lionstone Group has sold an office property in Culver City for $73,500,000. Located at 10301-10395 Jefferson Blvd, the property spans 76,000 square feet and has a price per square foot of $967.
Summary of transation details
- Property Type: Office
- Transaction Amount: $73,500,000
- Address: 10301-10395 Jefferson Blvd
- Market: Culver City
- Square Footage: 76,000
- Price per Square Foot: $967
The buyer of the property is Redcar Properties, represented by Kendall Ranjbaran. The sale was completed on December 20, 2019.
The office sale at 10395 Jefferson Boulevard, Culver City, CA, USA in Culver City, California sold for $73.5M in 2019. The building is 76,000 square feet, implying about 967 per square foot on the published price. Named participants on the 10395 Jefferson Boulevard, Culver City, CA, USA sale are Kendall Ranjbaran. This page is the Culver City, California file for the 10395 Jefferson Boulevard, Culver City, CA, USA office sold: pricing, party profiles, and other closed office comps from the same Culver City sit in the Market section below. Filter that Culver City office set by closing date to see what else sold near 10395 Jefferson Boulevard, Culver City, CA, USA around 2019. Published consideration for 10395 Jefferson Boulevard, Culver City, CA, USA is $73.5M, dated 2019. Cite this Redcar Properties Acquires Culver City Office Building From Lionstone Group sale when underwriting similar office product around Culver City, California.
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Culver City 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93