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4322 Wilshire Boulevard

Wilshire Park Mile Property LLC Acquires Office Building At 4322 Wilshire Boulevard For $12.5M
SOLDOffice

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

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.

Players

Andrew Kim

NAI Global

Broker

$43.8M

vol

2 deals

Broker

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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93