Allen Johnson Acquires Office In Mid City For $5.3M With Buyer's Rep Steve Anavim - Conroy Commercial
SOLD
$5,300,000
California
See Similar DealsOffice8,000 SF
Sold 01/10/2022
SOLD
Allen Johnson Acquires Office In Mid City For $5.3M With Buyer's Rep Steve Anavim - Conroy Commercial
5464 Washington Boulevard, Los Angeles, California 90016, United States
See Similar DealsOffice8,000 SF
Sold 01/10/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$662
Total Square Footage:8,000 SF
Transaction Type:Sale
Located in the Mid City market, the office building at 5464-5470 Washington Blvd. has been sold in a recent transaction. The property spans 8,000 square feet and was sold for $5,300,000, resulting in a price per square foot of $662. The sale took place on January 10, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,300,000
- Square Footage: 8,000
- Price per Square Foot: $662
- Address: 5464-5470 Washington Blvd.
- Market: Mid City
The buyer of the property is Allen Johnson, while the seller is Alyce Morris. Representing the buyer in the deal is Steve Anavim from Conroy Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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