Trevor Belden Of Industry Partners Represents Buyer In $8 Million Culver City Office Sale
SOLD
$8,000,000
+ 2
California
See Similar DealsOffice9,618 SF
Sold 05/15/2025
SOLD
Trevor Belden Of Industry Partners Represents Buyer In $8 Million Culver City Office Sale
10351 Washington Boulevard
See Similar DealsOffice9,618 SF
Sold 05/15/2025
+ 2
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$831
Total Square Footage:9,618 SF
Transaction Type:Sale
The asset involved in this transaction is an office property located at 10351 Washington Boulevard in Culver City. The sale price was $8,000,000, covering a total square footage of 9,618, which translates to a price per square foot of $831.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,000,000
- Address: 10351 Washington Boulevard
- Market: Culver City
- Square Footage: 9,618
- Price Per Square Foot: $831
- Buyer's Representative: Trevor Belden - Industry Partners
- Seller's Representatives: Aleks Trifunovic, Keith Fielding, Tibor Lody & Tom Isola - Lee & Associates
The transaction highlights the collaborative efforts of the representatives. Trevor Belden represented the buyer, while the seller was represented by a team from Lee & Associates, including Aleks Trifunovic, Keith Fielding, Tibor Lody, and Tom Isola, showcasing a comprehensive representation from both sides in this successful deal.
Players
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BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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