4S Bay Partners Acquires Office Building From One Cole Group For $35M
3731 Stocker St, Los Angeles, CA, 900...
$35,000,000
Building Size
—
Asset Type
Office
Closing
Jul 9, 2020
AI
The office property located at 3731 Stocker St, Los Angeles, CA, 900... in the View Park market was recently sold for $35,000,000.00. The transaction took place on 07/09/2020, with 4S Bay Partners acquiring the property from One Cole Group. The seller's representative was Laurie Lustig-Bower from CBRE.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $35,000,000.00
- Address: 3731 Stocker St, Los Angeles, CA, 900...
- Market: View Park
- Buyer: 4S Bay Partners
- Seller: One Cole Group
- Seller's Rep: Laurie Lustig-Bower (CBRE)
Laurie Lustig Bower from CBRE represented both the seller, One Cole Group, and the buyer, 4S Bay Partners, in this significant office property transaction. The deal, involving the acquisition of the property by 4S Bay Partners, showcases the strategic involvement of key individuals and reputable companies in successful real estate transactions.
Players
View Park 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93