2PN Reproductive Health Institute LLC Acquires Office On Wilshire Blvd For $11.5M
11860 Wilshire Boulevard
$11,500,000
$731/SF
Building Size
15,714 SF
Asset Type
Office
Closing
Feb 23, 2024
AI
An office property located at 11860 Wilshire Boulevard in Los Angeles was recently sold for $11,500,000. The building spans 15,714 square feet, resulting in a price per square foot of $732. The sale occurred on 02/23/2024, with 2PN Reproductive Health Institute LLC acquiring the asset from Donald Rezak.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $11,500,000
- Buyer: 2PN Reproductive Health Institute LLC – Peyman Saadat
- Seller: Donald Rezak
- Buyer's Rep: Jeff Lipson & Aaron Twersky – Wilshire Advisory
- Seller's Rep: T.C. Macker & Woody Cook - WESTMAC Commercial Brokerage Company; Willa Fields & Jim Burnap - Beitler Commercial Realty Services
The representatives involved in the transaction were Jeff Lipson and Aaron Twersky from Wilshire Advisory serving as the buyer's representatives, while T.C. Macker and Woody Cook from WESTMAC Commercial Brokerage Company and Willa Fields and Jim Burnap from Beitler Commercial Realty Services represented the seller.
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93