Updated Oct 28, 2024
Keyes Real Estate Acquires Office Building On W. Sunset Blvd In Pacific Palisades For $4.1M
15113 West Sunset Boulevard, Pacific Palisades, CA 90272
$4,100,000
$754/SF
Building Size
5,434 SF
Asset Type
Office
Closing
Dec 22, 2021
About this deal
AI
The office building located at 15113 W. Sunset Boulevard in Pacific Palisades has been sold for a price of $4,100,000. The property spans 5,434 square feet, resulting in a price per square foot of $754. The sale was completed on December 22, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $4,100,000
- Address: 15113 W. Sunset Boulevard, Pacific Palisades
- Market: Pacific Palisades
The buyer of the property was Keyes Real Estate, a company known for their motto "Pasadena to the Palisades™️." With this purchase, Keyes Real Estate is expanding their presence to the Westside of Los Angeles. Brad Keyes and Josh Stein-Sapir, both from Keyes Real Estate, represented the buyer in the transaction. On the other side, T.C. Macker from WESTMAC Commercial Brokerage Company served as the seller's representative.
It is worth mentioning that Keyes Real Estate has chosen this building as the location for their new Westside office. This acquisition will allow them to establish a physical presence in the heart of the Pacific Palisades.
On the Map
$4,100,000
$754/SF
Office
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Pacific Palisades 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93