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
Culver City 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93