Premium Energy Solutions Acquires Studio City Office For $1M
3450 Cahuenga Boulevard West, Los Angeles, CA 90068
$1,000,000
$507/SF
Building Size
1,970 SF
Asset Type
Office
Closing
Feb 6, 2020
AI
Located in Studio City, the office property at 3450 Cahuenga Blvd has been sold for $1,000,000. Spanning across 1,970 square feet, the property was purchased by Premium Energy Solutions from the seller, Owner Cahuenga LLC. The sale price translates to a price per square foot of $507.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,000,000
- Street Address: 3450 Cahuenga Blvd
- Market: Studio City
- Square Footage: 1,970
- Price per Square Foot: $507
- Seller: Owner Cahuenga LLC
- Buyer: Premium Energy Solutions
- Brokers: Sheela Shouhed & Brett Alphin from Compass
The deal was facilitated by Sheela Shouhed and Brett Alphin, representing Compass. Their expertise in the transaction showcased their dedication to ensuring a successful outcome for both parties involved.
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93