Cushman & Wakefield Brokers Sell Culver City Office For $28.7M
10441 Jefferson Boulevard, Culver City, California 90230, United States
$28,739,722
$1,088/SF
Building Size
26,416 SF
Asset Type
Office
Closing
Sep 7, 2022
AI
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.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93