Updated Oct 29, 2024
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
About this deal
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.
On the Map
$12,350,000
$747/SF
Office
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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