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10525 Washington Boulevard

Globecast Americas Sells Office Building In Culver City For $12.35M
SOLDOffice

Globecast Americas Sells Office Building In Culver City For $12.35M

10525 Washington Boulevard

$12,350,000

$747/SF

Building Size

16,526 SF

Asset Type

Office

Closing

Mar 30, 2023

AI

Globecast Americas has sold an office property located at 10525 Washington Boulevard in Culver City. The property, spanning 16,526 square feet, was sold for a price of $12,350,000, which amounts to a price per square foot of $747. The transaction was facilitated by Colliers International, with Nathan Pellow, Nick Nybakken, and Nico Vilgiate representing the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $12,350,000
  • Address: 10525 Washington Boulevard, Culver City
  • Market: Culver City

The sale of the office property at 10525 Washington Boulevard was spearheaded by Nathan Pellow, Nick Nybakken, and Nico Vilgiate from Colliers International, who represented the seller, Globecast Americas. The transaction marks a successful deal in the Culver City market, with the property being sold for a price of $12,350,000.

Players

Nathan Pellow

Colliers

Broker

$23M

vol

7 deals

Broker

Market 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

1.28%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93