Updated Oct 28, 2024
SCOS LP Sells Office Property In National City For $6.3M, Mike Conger & Brian Jenkins Represented Seller
22 West 35th Street, Los Angeles, California 90007, United States
$6,300,000
$316/SF
Building Size
19,917 SF
Asset Type
Office
Closing
Jun 30, 2022
About this deal
AI
Located at 22 W. 35th St. in National City, this office property was recently sold in a transaction facilitated by Commercial Asset Advisors. The sale was completed on 07/01/2022 for a total price of $6,300,000, resulting in a price per square foot (PPSF) of $316. With a total area of 19,917 square feet, this property offers a significant space for office use.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,300,000
- Address: 22 W. 35th St.
- Market: National City
The buyer, represented by Shirley Kanamu and Valley Coleman from Pacific Coast Commercial, finalized the deal with the seller, SCOS LP. Mike Conger and Brian Jenkins acted as the seller's representatives on behalf of Commercial Asset Advisors.
On the Map
$6,300,000
$316/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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93