Oak Road Sells West Adams Office Property For $7.25M With Buyer's Rep Vaun Lennon And Seller's Rep Robert Clifford
SOLD
$7,250,000
California
See Similar DealsOffice11,200 SF
Sold 07/25/2019
SOLD
Oak Road Sells West Adams Office Property For $7.25M With Buyer's Rep Vaun Lennon And Seller's Rep Robert Clifford
4216 West Jefferson Boulevard, Los Angeles, CA, USA
See Similar DealsOffice11,200 SF
Sold 07/25/2019
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$647
Total Square Footage:11,200 SF
Transaction Type:Sale
An office building located at 4216-4218 W. Jefferson Blvd in West Adams has been sold for a total price of $7,250,000. The property, spanning 11,200 square feet, was purchased by an undisclosed buyer. The transaction took place on July 25, 2019, and the sale price equates to approximately $647.32 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,250,000
- Address: 4216-4218 W. Jefferson Blvd
- Market: West Adams
- Seller: David Aghaei - Oak Road
- Brokers: Vaun Lennon, Robert Clifford - Lee & Associates
- Square Footage: 11,200
- Price per Square Foot: $647.32
The seller, David Aghaei of Oak Road, enlisted the services of brokers Vaun Lennon and Robert Clifford from Lee & Associates to facilitate the transaction. These professionals played a pivotal role in successfully closing the deal.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,757.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,368.70
Annual Debt Service$412,424.39
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