Dan Soofarian Purchases Office Property From Indi Ownars & Jeff Markel For $4.2M
10444 Santa Monica Boulevard
$4,200,000
$506/SF
Building Size
8,300 SF
Asset Type
Office
Closing
Apr 9, 2025
AI
The property located at 10444 Santa Monica Boulevard in Los Angeles is an office asset. The sale price was $4,200,000, with a total area of 8,300 square feet, translating to a price per square foot of $506.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,200,000
- Address: 10444 Santa Monica Boulevard
- Market: Los Angeles
- Square Footage: 8,300
- Price per Square Foot: $506
- Buyer: Dan Soofarian
- Seller: Indi Ownars & Jeff Markel
- Broker Representatives: Jake Zacuto, Andrew Sinasohn & Gabe Hisem - Zacuto Group; Jeff Luster & Rene Mexia - Major Properties; Bill Friedman - Coldwell Banker
Key individuals involved in the transaction include the buyer Dan Soofarian, who completed the acquisition, and the sellers Indi Ownars & Jeff Markel. The brokers facilitating the deal consist of Jake Zacuto, Andrew Sinasohn, and Gabe Hisem from Zacuto Group, alongside Jeff Luster and Rene Mexia from Major Properties, and Bill Friedman from Coldwell Banker.
Players
Los Angeles 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93