Eghbali Law Firm Acquires Office At 4550 Wilshire Boulevard From Fehmel & Associates For $3.25M
SOLD
$3,250,000
California
See Similar DealsOffice5,255 SF
Sold 01/31/2025
SOLD
Eghbali Law Firm Acquires Office At 4550 Wilshire Boulevard From Fehmel & Associates For $3.25M
4550 Wilshire Boulevard
See Similar DealsOffice5,255 SF
Sold 01/31/2025
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$618
Total Square Footage:5,255 SF
Transaction Type:Sale
The property involved in this transaction is an office asset located at 4550 Wilshire Boulevard in the Los Angeles market. The sale price for the property was $3,250,000, with a total square footage of 5,255, resulting in a price per square foot of $618.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,250,000
- Address: 4550 Wilshire Boulevard
- Market: Los Angeles
- Square Footage: 5,255
- Price per Square Foot: $618
- Buyer: Eghbali Law Firm
- Seller: Fehmel & Associates
- Broker: P. Nathan Bahmanyar - Think Space Real Estate
The Eghbali Law Firm is the buyer in this transaction, while Fehmel & Associates acted as the seller. The deal was facilitated by P. Nathan Bahmanyar from Think Space Real Estate, representing the brokerage side of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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