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60 West Bellevue Drive

JDL Investments Purchases Office Building From Dominic J. Nunneri In Pasadena For $3.5M
SOLDOffice

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.

Players

Ashley Canton

Equity Union Real Estate

Broker

$3.5M

vol

1 deal

Broker

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