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

Property Image
SOLD
$4,200,000
Andrew Sinasohn
gabe hisem
+ 3

California

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Office8,300 SF
Sold 04/09/2025
the dealplayerscompscontact
Property Image
SOLD

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

10444 Santa Monica Boulevard

See Similar Deals
Office8,300 SF
Sold 04/09/2025
Andrew Sinasohn
gabe hisem
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$506
Total Square Footage:8,300 SF
Transaction Type:Sale

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
59 deals$368.6M volume(310) 469-9012
BROKER

Andrew Sinasohn
Zacuto Group
16 deals$62.1M volume
BROKER

gabe hisem
Zacuto Group
3 deals$12.9M volume(231) 631-2327
BROKER

Jeff Luster
Major Properties
1 deal$4.2M volume(213) 804-3013
BROKER

Jeff Luster
Major Properties
1 deal$4.2M volume(213) 804-3013
BROKER

Rene Mexia
Major Properties
1 deal$4.2M volume(213) 446-2286
BROKER

Rene Mexia
Major Properties
1 deal$4.2M volume(213) 446-2286
BROKER

Bill Friedman
Coldwell Banker
1 deal$4.2M volume(213) 200-2500
BROKER

Bill Friedman
Coldwell Banker
1 deal$4.2M volume(213) 200-2500
BROKER

Details

SOLD
IMAGE: Andrew Sinasohn, Jake Zacuto & Gabe Hisem DATE: 04/09/2025 ADDRESS: 10444 Santa Monica Boulevard MARKET: Los Angeles ASSET TYPE: Office BUYER: Dan Soofarian SELLER: Indi Ownars & Jeff Markel BROKERS: Jake Zacuto (@JakeZacuto), Andrew Sinasohn (@AndrewSinasohn) & Gabe Hisem (@Gabe_Hisem) - Zacuto Group (@ZacutoGroup); Jeff Luster & Rene Mexia - Major Properties (@MajorProperties); Bill Friedman - Coldwell Banker (@ColdwellBanker) SALE PRICE: $4,200,000 SF: 8,300 ~ PPSF: $506

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71