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6311 Romaine Street, Los An...

BARDAS Investment Group Acquires Office Property In Los Angeles For $135M
SOLDOffice

BARDAS Investment Group Acquires Office Property In Los Angeles For $135M

6311 Romaine Street, Los Angeles, California 90038, United States

$135,000,000

$566/SF

Building Size

238,325 SF

Asset Type

Office

Closing

Nov 10, 2022

AI

The office property located at 6311 Romaine Street in Los Angeles, CA has been sold for a total price of $135,000,000. The transaction was completed by BARDAS Investment Group, represented by David Simon, as the buyer, and BLT Enterprises, represented by Rob Solomon, as the seller. The sale was facilitated by Brad McCoy and David Wilson of Lee & Associates.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $135,000,000
  • Address: 6311 Romaine Street, Los Angeles, CA
  • Market: Los Angeles, CA

The sale comprised a total area of 238,325 square feet, resulting in a price per square foot of $567.

Brad McCoy and David Wilson, both of Lee & Associates, played crucial roles as brokers in representing the parties involved in the transaction.

Players

Brad McCoy

Lee & Associates

Broker

$631.9M

vol

44 deals

Broker
David Simon

David Simon

BARDAS Investment Group

Buyer

$4B

vol

6 deals

Buyer
Rob Solomon

Rob Solomon

BLT Enterprises

Seller

$216.6M

vol

5 deals

Seller

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

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93