Globecast Americas Sells Office Building In Culver City For $12.35M
SOLD
$12,350,000
California
See Similar DealsOffice16,526 SF
Sold 03/30/2023
SOLD
Globecast Americas Sells Office Building In Culver City For $12.35M
10525 Washington Boulevard
See Similar DealsOffice16,526 SF
Sold 03/30/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$747
Total Square Footage:16,526 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$658,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,876.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,545.30
Annual Debt Service$702,543.61
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