Updated Oct 29, 2024
GD Realty Group Acquires Office Building On Sepulveda Boulevard For $10M
1554 Sepulveda Boulevard
$10,000,000
$622/SF
Building Size
16,074 SF
Asset Type
Office
Closing
Mar 28, 2023
About this deal
AI
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.
Players
Market 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93