Cushman & Wakefield Brokers Sell Culver City Office For $28.7M
SOLD
$28,739,722
California
See Similar DealsOffice26,416 SF
Sold 09/08/2022
SOLD
Cushman & Wakefield Brokers Sell Culver City Office For $28.7M
10441 Jefferson Boulevard, Culver City, California 90230, United States
See Similar DealsOffice26,416 SF
Sold 09/08/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,088
Total Square Footage:26,416 SF
Transaction Type:Sale
A commercial office property located at 10441 Jefferson Blvd in Culver City has recently been sold. The property spans 26,416 square feet and was sold for a total price of $28,739,722.65, resulting in a price per square foot of $1,088.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $28,739,722.65
- Address: 10441 Jefferson Blvd, Culver City
- Market: Culver City
- Broker: Mckenna Gaskill, Erica Finck, Mike Condon Jr., Bailey Dawson - Cushman & Wakefield
The sale of this office property was facilitated by Mckenna Gaskill, Erica Finck, Mike Condon Jr., and Bailey Dawson, who represented the buyer and seller on behalf of Cushman & Wakefield. They played a crucial role in the successful conclusion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,532,785.18
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$102,106.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$136,240.94
Annual Debt Service$1,634,891.34
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