facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

5813 Washington Boulevard, ...

Jim Jacobsen Acquires Culver City Office Building On Washington Blvd. For $11.35M
SOLDOffice

Jim Jacobsen Acquires Culver City Office Building On Washington Blvd. For $11.35M

5813 Washington Boulevard, Culver City, California 90232, United States

$11,350,000

$961/SF

Building Size

11,800 SF

Asset Type

Office

Closing

Mar 7, 2022

AI

Located at 5813-5835 Washington Blvd. in Culver City, this office property was recently sold in an off-market transaction. The sale, which took place on March 8, 2022, involved a total square footage of 11,800. The property was purchased by Jim Jacobsen from seller Josetta Sbeglia for a sale price of $11,350,000. The price per square foot for this transaction was $961.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $11,350,000
  • Square Footage: 11,800
  • Price per Square Foot: $961
  • Address: 5813-5835 Washington Blvd., Culver City
  • Market: Culver City

The seller's representative in this transaction was Joe Bolognese from Saxum West. The buyer, Jim Jacobsen, was represented in-house by Rich Maloof. Joe Bolognese, the managing director of Saxum West, can be contacted at [email protected] or (310) 595-9000.

Please note that this was an off-market transaction, indicating that the property was not publicly listed for sale.

Players

Joe Bolognese

Broker

$229.5M

vol

19 deals

Broker
Jim Jacobsen

Jim Jacobsen

Redcar Ltd

Buyer

$94.9M

vol

6 deals

Buyer

Josetta Sbeglia

Seller

$15.8M

vol

2 deals

Seller

Culver City Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93