Jack Nadel International Acquires Culver City Office Building For $12.2M
SOLD
$12,200,000
+ 2
California
See Similar DealsOffice19,000 SF
Sold 10/04/2021
SOLD
Jack Nadel International Acquires Culver City Office Building For $12.2M
5820 Uplander Way, Culver City, CA 90230
See Similar DealsOffice19,000 SF
Sold 10/04/2021
+ 2
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$642
Total Square Footage:19,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$650,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,344.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,834.22
Annual Debt Service$694,010.69
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