facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

10444 Santa Monica Boulevard

Dan Soofarian Purchases Office Property From Indi Ownars & Jeff Markel For $4.2M
SOLDOffice

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:

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

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

Los Angeles Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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