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
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