Pegasus Investments And Newmontis Sell Bel Air Office Building For $5.4M
600 N Sepulveda Blvd, Bel Air, Los Angeles, CA, USA
$5,400,000
$917/SF
Building Size
5,886 SF
Asset Type
Office
Closing
Sep 12, 2019
AI
The office building located at 600 N Sepulveda Blvd in Bel Air has been sold for $5,400,000. The transaction took place on September 13, 2019. The property is situated on a prime location and offers attractive features for potential occupants.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,400,000
- Address: 600 N Sepulveda Blvd
- Market: Bel Air
Katherine Weaver from Pegasus Investments and Trevor Nelson from Newmontis represented the parties involved in this sale.
Players
Los Angeles 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93