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10441 Jefferson Boulevard, ...

Cushman & Wakefield Brokers Sell Culver City Office For $28.7M
SOLDOffice

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

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

Bailey Dawson

Hines

Broker

$276.5M

vol

6 deals

Broker

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