Updated Mar 12, 2025
Wilshire Park Mile Property LLC Acquires Office Building At 4322 Wilshire Boulevard For $12.5M
4322 Wilshire Boulevard
$12,500,000
$242/SF
Building Size
51,468 SF
Asset Type
Office
Closing
Mar 11, 2025
About this deal
AI
Wilshire Park Mile Property LLC purchased an office building located at 4322 Wilshire Boulevard in Los Angeles. The building consists of 51,468 square feet and was sold for a total of $12.5 million, with a price per square foot of $243.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,500,000
- Square Footage: 51,468
- Price per Square Foot: $243
- Buyer: Wilshire Park Mile Property LLC
- Broker: Andrew Kim - NAI Capital Commercial
- Address: 4322 Wilshire Boulevard, Los Angeles
Andrew Kim of NAI Capital Commercial represented the buyer, Wilshire Park Mile Property LLC, in this transaction. The purchase took place on March 11, 2025, reflecting the ongoing activity in the Los Angeles market.
On the Map
$12,500,000
$242/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93