Updated Oct 29, 2024
ERC Group LLC Acquires Office Building In Culver City For $2M
5767 W Adams Blvd, Culver City, CA, USA
$2,000,000
$900/SF
Building Size
2,222 SF
Asset Type
Office
Closing
Aug 11, 2019
About this deal
AI
A 2,222-square-foot office property located at 5767 W Adams in Culver City has been sold for $2,000,000. The property was acquired by ERC Group LLC from GK Huson LLC. The transaction was facilitated by Jeff Gerlach of CBRE. The office property is situated in the Culver City market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,000,000
- Square Footage: 2,222
- Price per Square Foot: $900.09
- Address: 5767 W Adams, Culver City
- Market: Culver City
Jeff Gerlach of CBRE served as the broker in this deal, representing both the buyer, ERC Group LLC, and the seller, GK Huson LLC.
On the Map
$2,000,000
$900/SF
Office
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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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93