Updated Oct 28, 2024
Terravet Acquires Office Building In West Los Angeles For $4.45M
1520 Pontius Avenue
$4,450,000
$590/SF
Building Size
7,535 SF
Asset Type
Office
Closing
Sep 23, 2022
About this deal
AI
The office property located at 1520-1526 Pontius Ave in West Los Angeles, CA has been sold in a transaction. The property spans 7,535 square feet and was sold for a price of $4,450,000, resulting in a price per square foot of $591.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,450,000
- Square Footage: 7,535
- Address: 1520-1526 Pontius Ave, West Los Angeles, CA
- Market: West Los Angeles, CA
Daniel Eisenstadt from Terravet acted as the buyer in this transaction, while the seller was the Nernberg Family Trust. Representing the seller were Kevin Foley, Anthony DeLorenzo, and Bryan Johnson from CBRE.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Foley to view all their deals.
Browse Los Angeles office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93