Updated Oct 28, 2024
University Presbyterian Church Acquires Office Building In Westwood For $9M
1333 Westwood Boulevard, Los Angeles, CA 90024, USA
$9,000,000
$575/SF
Building Size
15,646 SF
Asset Type
Office
Closing
Aug 25, 2021
About this deal
AI
The office property located at 1333 Westwood Blvd. in Westwood has been sold for a price of $9,000,000. The transaction took place on August 25, 2021. The property spans a total area of 15,646 square feet, resulting in a price per square foot of $575.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,000,000
- Square Footage: 15,646
- Price per Square Foot: $575
- Address: 1333 Westwood Blvd.
- Market: Westwood
The sellers of the property were Gilbert Grosslight and Dona Grosslight. The buyers, on the other hand, were University Presbyterian Church. The sale was facilitated by the brokers Robert D. Erickson and Bryan Carnes from Industry Partners.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93