Trevor Belden Of Industry Partners Represents Buyer In $8 Million Culver City Office Sale
10351 Washington Boulevard
$8,000,000
$831/SF
Building Size
9,618 SF
Asset Type
Office
Closing
May 15, 2025
AI
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
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93