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1100 S Robertson Boulevard,...

Updated Dec 21, 2023

Parmir Victorsen Acquires Office Building In Los Angeles For $3.9M
SOLDOffice

Parmir Victorsen Acquires Office Building In Los Angeles For $3.9M

1100 S Robertson Boulevard, Los Angeles, California 90035, United States

$3,900,000

$639/SF

Building Size

6,100 SF

Asset Type

Office

Closing

Feb 28, 2022

About this deal

AI

An office building located at 1100 S. Robertson Blvd. in Los Angeles has been sold in a transaction facilitated by Trimax Realty Inc. The property spans 6,100 square feet and was acquired by Parmir Victorsen from Moses Kabbalah. The sale price for the office building was $3,900,000, resulting in a price per square foot of $639.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $3,900,000
  • Date: 03/01/2022
  • Market: Los Angeles

Fred Nabati and Michael Davoodpour of Trimax Realty Inc. served as the brokers in this transaction. They successfully facilitated the purchase of the office building for Parmir Victorsen. The clients had been searching for the right property on their own, but it was only when they approached Trimax that they found success. Trimax Realty Inc. not only helped them find suitable buildings in just two weeks but also assisted in arranging an SBA loan with just a 10% down payment. This allowed the client to avoid renting expenses and benefit from tax savings through the acquisition. With expertise in both real estate purchases and financing, Trimax Realty Inc. made the entire process seamless for their client.

For those interested in similar opportunities, Trimax Realty Inc. encourages them to reach out via DM or contact them at (310) 388-9695 or [email protected].

Players

Fred Nabati

Trimax Realty & Loan

Broker

$108.8M

vol

61 deals

Broker

Parmir Victorsen

Buyer

$7.4M

vol

2 deals

Buyer

Los Angeles Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $639 per square foot on a published $3.9M for 6,100 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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