VI Peel Acquires Office Building On N. La Brea Avenue In Hollywood For $6.6M
SOLD
$6,595,000
California
See Similar DealsOffice6,311 SF
Sold 01/28/2022
SOLD
VI Peel Acquires Office Building On N. La Brea Avenue In Hollywood For $6.6M
629 South La Brea Avenue, Los Angeles, California 90036, United States
See Similar DealsOffice6,311 SF
Sold 01/28/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,045
Total Square Footage:6,311 SF
Transaction Type:Sale
The office property located at 629 N. La Brea Avenue in Hollywood has been sold for a price of $6,595,000. The property spans 6,311 square feet and was sold at a price per square foot of $1,045.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,595,000
- Address: 629 N. La Brea Avenue
- Market: Hollywood
The buyer of the property is VI Peel, represented by Marya Khalil. The seller is a production company owned by Ben Stiller. The buyer's representative is Geoff Grossman from CBM1, while Aleks Trifunovic from Lee & Associates acted as the seller's representative.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$351,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,430.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,263.66
Annual Debt Service$375,163.98
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