Ota House Acquires Office Property From Nicole Bettauer & Thomas Darall Carson Revocable Trust For $1.82M
13476 Beach Avenue & 13478 Beach Avenue
$1,816,991
$275/SF
Building Size
6,592 SF
Asset Type
Office
Closing
Dec 13, 2024
AI
The property involved in this transaction is an office asset located at 13476 & 3478 Beach Avenue in the Marina del Rey market. The sale price for the property was $1,816,991, encompassing a total square footage of 3,296, which equates to a price per square foot of $551.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,816,991
- Square Footage: 3,296
- Price Per Square Foot: $551
- Buyer: Ota House
- Seller: Nicole Bettauer & Thomas Darall Carson Revocable Trust
- Buyer's Representative: Michael Arnold - NAI Capital - NAI Global
- Seller's Representative: Doug Marshall - Lee & Associates
- Market: Marina del Rey
The transaction was facilitated by key individuals representing both the buyer and seller. Michael Arnold, affiliated with NAI Capital and NAI Global, represented the buyer, Ota House. On the seller's side, Doug Marshall from Lee & Associates served as the representative for Nicole Bettauer and Thomas Darall Carson Revocable Trust.
Players
Marina Del Rey 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
8.73%
Cash-on-Cash
-2.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93