SCOS LP Sells Office Property In National City For $6.3M, Mike Conger & Brian Jenkins Represented Seller
SOLD
$6,300,000
+ 1
California
See Similar DealsOffice19,917 SF
Sold 07/01/2022
SOLD
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
See Similar DealsOffice19,917 SF
Sold 07/01/2022
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$316
Total Square Footage:19,917 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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