Jack Nadel International Acquires Culver City Office Building For $12.2M
5820 Uplander Way, Culver City, CA 90230
$12,200,000
$642/SF
Building Size
19,000 SF
Asset Type
Office
Closing
Oct 4, 2021
AI
The office property located at 5820 Uplander Way in Culver City has been sold for a price of $12,200,000. The property spans a total area of 19,000 square feet, resulting in a price per square foot of $642. The sale took place on October 4, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $12,200,000
- Address: 5820 Uplander Way
- Market: Culver City
The buyer of the property is Jack Nadel International, represented by Craig Nadel, Debbie Abergel, and Marco Icardo. On the other hand, the seller is Litt House, represented by Mark Friedman. The deal was facilitated by Carine Mamann, Mike Condon Jr., Bailey Dawson, and Marques Williams of Cushman & Wakefield.
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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93