Updated Dec 21, 2023
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
About this deal
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.
On the Map
$2,580,000
$1,228/SF
Office
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Culver City 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
6.15%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93