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2969 Wilshire Boulevard

Updated Dec 4, 2024

Carlos Vaquerano Acquires Office At 2969 Wilshire Blvd For $13.25M
SOLDOffice

Carlos Vaquerano Acquires Office At 2969 Wilshire Blvd For $13.25M

2969 Wilshire Boulevard

$13,250,000

$508/SF

Building Size

26,075 SF

Asset Type

Office

Closing

Mar 26, 2024

About this deal

AI

The office property located at 2969 Wilshire Boulevard in Los Angeles was successfully sold in a closed transaction. The asset spans 26,075 square feet and was sold for $13,250,000, equating to a price per square foot of $508. The sale was between the buyer, Carlos Vaquerano, and the seller, Robert MacLeod. The transaction was facilitated by the brokers Jay Martinez and Connor MacLeod from Kidder Mathews, representing the respective parties.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $13,250,000
  • Address: 2969 Wilshire Boulevard
  • Market: Los Angeles
  • Buyer: Carlos Vaquerano
  • Seller: Robert MacLeod
  • Brokers: Jay Martinez & Connor MacLeod - Kidder Mathews
  • Square Footage: 26,075
  • Price Per Square Foot: $508

The sale of the office property at 2969 Wilshire Boulevard in Los Angeles was notable for being an all-cash transaction, with a ULA non-profit exemption in place. The property was sold at the list price, showcasing a straightforward and efficient deal between the parties involved.

On the Map

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$13,250,000

$508/SF

Office

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Players

Jay Martinez

Kidder Mathews

Broker

$145.3M

vol

41 deals

Broker
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Los Angeles Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $508 per square foot on a published $13.3M for 26,075 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.20%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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