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
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.
Players
Los Angeles 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
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93