Suleman Poonjav Acquires Culver City Office At 5840 Uplander Way For $7.5M
5840 Uplander Way, Culver City, CA, USA
$7,500,000
$465/SF
Building Size
16,128 SF
Asset Type
Office
Closing
Jun 18, 2020
AI
The office property located at 5840 Uplander Way in Culver City has been sold for a price of $7,500,000. The transaction took place on June 18, 2021. This property spans across 16,128 square feet, resulting in a price per square foot of $465.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $7,500,000
- Square Footage: 16,128
- Price per Square Foot: $465
- Address: 5840 Uplander Way, Culver City
- Market: Culver City
The buyer of the property is Suleman Poonjav, while the seller is Robert Lufkin. The deal was facilitated by brokers Morgan McMullin and Navin Megji. They represented the buyer and seller, respectively.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93