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
$7,250,000
$647/SF
Building Size
11,200 SF
Asset Type
Office
Closing
Jul 24, 2019
AI
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.
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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93