Updated Oct 28, 2024
Dordick Law Building East Acquires Office Property On Wilshire Blvd. For $7.35M
1122 Wilshire Boulevard, Downtown, Los Angeles, CA, USA
$7,350,000
$440/SF
Building Size
16,680 SF
Asset Type
Office
Closing
Jun 17, 2020
About this deal
AI
The Dordick Law Building East, located at 1122 Wilshire Boulevard in Downtown Los Angeles, has been sold in a recent office property transaction. The property spans an area of 16,680 square feet, and the sale price amounted to $7,350,000, resulting in a price per square foot of $441. The transaction took place on June 17, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $7,350,000
- Address: 1122 Wilshire Boulevard, Downtown Los Angeles
- Market: Downtown Los Angeles
Leading this transaction, the buyer was Gary Dordick, representing the Dordick Law Building East. On the seller's side, Lee Lipscomb, from G&L Aviation, oversaw the sale. The deal was facilitated by brokers John Anthony, Chris Steck, and Chris Giordano from Kidder Mathews, along with Kyle Dordick and Marc Noah from Hilton & Hyland.
On the Map
$7,350,000
$440/SF
Office
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Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93