JDL Investments Purchases Office Building From Dominic J. Nunneri In Pasadena For $3.5M
60 West Bellevue Drive
$3,500,000
$781/SF
Building Size
4,480 SF
Asset Type
Office
Closing
Aug 30, 2024
AI
The property asset involved in the transaction is an office building located at 60 West Bellevue Drive in Pasadena. The sale price for this asset was $3,500,000, and it encompasses a total area of 4,480 square feet, resulting in a price per square foot of $781.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,500,000
- Address: 60 West Bellevue Drive
- Market: Pasadena
- Square Footage: 4,480
- Price Per Square Foot: $781
- Buyer: JDL Investments
- Seller: Dominic J. Nunneri - Iron Granny
- Broker: Ashley Canton - Equity Union Real Estate
The key individuals involved in this transaction include the buyer, JDL Investments, and the seller, Dominic J. Nunneri, who is associated with Iron Granny. The brokerage firm representing the deal is Equity Union Real Estate, with Ashley Canton serving as the broker for this transaction.
Pasadena 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93