Updated Mar 11, 2025
Kilroy Realty Acquires Office Property In Culver City For $185M
3101 South La Cienega Boulevard, Culver City, CA, USA
$185,000,000
$1,173/SF
Building Size
157,600 SF
Asset Type
Office
Closing
Sep 18, 2019
About this deal
AI
The office property located at 3101-3243 La Cienega Blvd in Culver City has been sold for a price of $185,000,000. The transaction took place on September 19, 2019. The property spans a total area of 157,600 square feet, resulting in a price per square foot of $1,173.
Summary of transation details
- Property Type: Office
- Transaction Amount: $185,000,000
- Address: 3101-3243 La Cienega Blvd
- Market: Culver City
The seller of the property was Lincoln Property Company, while the buyer was Kilroy Realty. The transaction was facilitated by the brokerage firm Cushman & Wakefield.
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
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93