Premium Energy Solutions Acquires Studio City Office For $1M
SOLD
$1,000,000
California
See Similar DealsOffice1,970 SF
Sold 02/07/2020
SOLD
Premium Energy Solutions Acquires Studio City Office For $1M
3450 Cahuenga Boulevard West, Los Angeles, CA 90068
See Similar DealsOffice1,970 SF
Sold 02/07/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$507
Total Square Footage:1,970 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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