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2501 North Sepulveda Boulevard

Stephen Mohme Acquires Office Asset In Manhattan Beach For $11.08M With Ryan Sharpe As Buyer's Rep
SOLDOffice

Stephen Mohme Acquires Office Asset In Manhattan Beach For $11.08M With Ryan Sharpe As Buyer's Rep

2501 North Sepulveda Boulevard

$11,075,000

$563/SF

Building Size

19,671 SF

Asset Type

Office

Closing

Jan 30, 2025

AI

The asset involved in this transaction is an office property located at 2501 North Sepulveda Boulevard in the Manhattan Beach market. The property sold for $11,075,000, encompassing a total square footage of 19,671 and having a price per square foot of $563.

Summary of transaction details:

The key individuals in this transaction include Buyer Stephen Mohme and Seller Jim Van Zanten. The deal was facilitated by Ryan Sharpe from Kidder Mathews representing the buyer, while the seller was represented by Geoff Ludwig and Eric Lastition from Newmark, alongside Jim Van Zanten from Vista Sotheby’s International Realty, indicating a collaborative effort among multiple representatives in this transaction.

Players

Ryan Sharpe

Kidder Mathews

Broker

$82.5M

vol

20 deals

Broker
Sotheby's International Realty
Sotheby's International RealtyBrokerage

Manhattan Beach 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

1.43%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93