facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

11280 W Washington Blvd, Cu...

Eddie Park Acquires Culver City Office Building For $2.58M
SOLDOffice

Eddie Park Acquires Culver City Office Building For $2.58M

11280 W Washington Blvd, Culver City, CA, USA

$2,580,000

$1,228/SF

Building Size

2,100 SF

Asset Type

Office

Closing

Jun 28, 2020

AI

The office property located at 11280 W. Washington in Culver City has been sold in a recent transaction. The property spans 2,100 square feet and was sold at a price of $2,580,000, resulting in a price per square foot of $1,229. The sale took place on June 28, 2021.

Summary of transation details

  • Property Type: Office
  • Sale Price: $2,580,000
  • Square Footage: 2,100
  • Price per Square Foot: $1,229
  • Address: 11280 W. Washington, Culver City
  • Market: Culver City

Eddie Park purchased the property from David Zander. The sale was facilitated by Brad McCoy and David Wilson, representing the seller. No additional information about the buyer or seller's representatives was provided.

Players

Brad McCoy

Lee & Associates

Broker

$631.9M

vol

44 deals

Broker
David Zander

David Zander

Seller

$261.1M

vol

11 deals

Seller

Culver City Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.15%

Cash-on-Cash

-1.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93