Eddie Park Acquires Culver City Office Building For $2.58M
SOLD
$2,580,000
California
See Similar DealsOffice2,100 SF
Sold 06/28/2020
SOLD
Eddie Park Acquires Culver City Office Building For $2.58M
11280 W Washington Blvd, Culver City, CA, USA
See Similar DealsOffice2,100 SF
Sold 06/28/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,228
Total Square Footage:2,100 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$137,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,166.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,230.52
Annual Debt Service$146,766.20
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