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5820 Uplander Way, Culver C...

Jack Nadel International Acquires Culver City Office Building For $12.2M
SOLDOffice

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

Bailey Dawson

Hines

Broker

$276.5M

vol

6 deals

Broker

Mark Friedman

Seller

$66.9M

vol

4 deals

Seller

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