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11860 Wilshire Boulevard

2PN Reproductive Health Institute LLC Acquires Office On Wilshire Blvd For $11.5M
SOLDOffice

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:

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

T.C. Macker

WESTMAC Commercial Brokerage Company

Broker

$483.6M

vol

65 deals

Broker

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