North Sea Capital Advisors Inc Acquires Office Building In LAX For $45M
SOLD
$45,000,000
+ 3
California
See Similar DealsOffice306,000 SF
Sold 10/09/2019
SOLD
North Sea Capital Advisors Inc Acquires Office Building In LAX For $45M
LAX airport (LAX), 5901 W Century Blvd, Los Angeles, CA, USA
See Similar DealsOffice306,000 SF
Sold 10/09/2019
+ 3
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$147
Total Square Footage:306,000 SF
Transaction Type:Sale
The office property located at 5901 W. Century Blvd in the LAX market has been sold for a price of $45,000,000. The transaction took place on 10/09/2019 and the property encompasses a total area of 306,000 square feet. The sale price per square foot stands at $147. The sellers of the property were Roxborough Group & Ruth Group, while the buyer was North Sea Capital Advisors Inc.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,000,000
- Address: 5901 W. Century Blvd
- Market: LAX
The brokers involved in the deal were Kevin Shannon, Michael Moore, Ken White, Sean Fulp, David Milestone, and Brett Green from Newmark Knight Frank. They represented both the sellers and buyers in this transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,400,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50
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