GD Realty Group Acquires Office Building On Sepulveda Boulevard For $10M
SOLD
$10,000,000
+ 1
California
See Similar DealsOffice16,074 SF
Sold 03/28/2023
SOLD
GD Realty Group Acquires Office Building On Sepulveda Boulevard For $10M
1554 Sepulveda Boulevard
See Similar DealsOffice16,074 SF
Sold 03/28/2023
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$622
Total Square Footage:16,074 SF
Transaction Type:Sale
The property involved in this transaction is an office located at 1554 Sepulveda Boulevard in Los Angeles. The property spans a total square footage of 16,074. The sale price for this property was $10,000,000, resulting in a price per square foot of $622.
Summary of transation details
- Property Type: Office
- Transaction Amount: $10,000,000
- Address: 1554 Sepulveda Boulevard
- Market: Los Angeles
- Buyer: GD Realty Group - Arash Danialifar
- Seller: Karisma Properties - Karen Bedrosian Coyne
- Brokers: Mark Reynolds, Eric Mandell & Luc Hawkshaw - Ally Commercial Real Estate
The buyer in this transaction is GD Realty Group represented by Arash Danialifar. The seller is Karisma Properties represented by Karen Bedrosian Coyne. The brokers involved in this deal are Mark Reynolds, Eric Mandell, and Luc Hawkshaw from Ally Commercial Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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