Newmark Facilitates Sale Of Culver City Office Building For $10M

The office building at 5995 Sepulveda Boulevard in Culver City, California was recently sold for $10,000,000. Spanning 27,090 square feet, this property features custom interiors, a column-free layout, and convenient freeway access, making it an attractive investment for a private investor.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $10,000,000
• Address: 5995 Sepulveda Boulevard
• Market: Culver City
• SF: 27,090
• PPSF: $369
• Brokers: Greg Frankovich, Ken White, Kevin Shannon, Laura Stumm, Michael Moll, Rob Hannan, Steven Kolsky - Newmark

The sale of this office building was facilitated by Newmark, with a private investor acquiring the property. The buyer, an owner-user, intends to relocate its headquarters to this building, drawn by its appealing characteristics and strategic location in Culver City, California.