Jeff Payene Acquires Office Building On 2255 Barry Avenue In West Los Angeles For $2.8M
2255 Barry Avenue, West Los Angeles, Los Angeles, CA, USA
$2,800,000
$756/SF
Building Size
3,700 SF
Asset Type
Office
Closing
Oct 19, 2021
AI
Located in West Los Angeles, the property at 2255 Barry Avenue has been sold in a recent transaction. The asset type of this property is an office with a total square footage of 3,700. The sale took place on October 19, 2021, with a sale price of $2,800,000. The price per square foot is calculated to be $756.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,800,000
- Square Footage: 3,700
- Address: 2255 Barry Avenue
- Market: West Los Angeles
The buyer in this transaction is Jeff Payene, while Joie Manda served as the seller. The deal was facilitated by Brad McCoy, Conor Halloran, and David Wilson of Lee & Associates, who represented both the buyer and seller. Their expertise and negotiation skills contributed to the successful closing of this office sale transaction.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93