Terravet Acquires Office Building In West Los Angeles For $4.45M
SOLD
$4,450,000
+ 1
California
See Similar DealsOffice7,535 SF
Sold 09/23/2022
SOLD
Terravet Acquires Office Building In West Los Angeles For $4.45M
1520 Pontius Avenue
See Similar DealsOffice7,535 SF
Sold 09/23/2022
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$590
Total Square Footage:7,535 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24
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