Updated Oct 28, 2024
CMCT Acquires Office Property On West Sunset Boulevard In Echo Park, Los Angeles For $51M
1910 Sunset Boulevard, Los Angeles, California 90026, United States
$51,000,000
$511/SF
Building Size
99,761 SF
Asset Type
Office
Closing
Feb 17, 2022
About this deal
AI
A 1.24-acre office property located at 1910 West Sunset Boulevard in the Echo Park market has been sold for a price of $51,000,000. The property spans 99,761 square feet, resulting in a price per square foot of $511.
Summary of transation details
- Property Type: Office
- Transaction Amount: $51,000,000
- Address: 1910 West Sunset Boulevard
- Market: Echo Park
- Square Footage: 99,761
- Price per Square Foot: $511
The buyer of the property is CMCT, while the seller is Foursquare Church represented by Adam Davidson. The deal was facilitated by brokers Lee Black and Veronica Black from KW Commercial.
On the Map
$51,000,000
$511/SF
Office
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Players
Los Angeles 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93