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6368 Arizona Circle

BLT Enterprises Acquires Playa Vista Office Building For $6.1M
SOLDOffice

BLT Enterprises Acquires Playa Vista Office Building For $6.1M

6368 Arizona Circle

$6,141,000

$877/SF

Building Size

7,000 SF

Asset Type

Office

Closing

Jul 11, 2022

AI

A commercial office property located at 6368 Arizona Cir in Playa Vista has been sold for a total price of $6,141,000. The property encompasses a total area of 7,000 square feet, resulting in a price per square foot of $877. The transaction took place on July 11, 2022. The buyer of the property was BLT Enterprises, represented by Rob Solomon, while the seller was Charles Salice.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,141,000
  • Address: 6368 Arizona Cir, Playa Vista
  • Market: Playa Vista

The deal was facilitated by Brad McCoy, David Wilson, and Keith Fielding from Lee & Associates West LA, who served as the brokers representing the buyer and seller. With their expertise, they successfully managed the transaction and ensured a smooth transfer of ownership.

Players

Brad McCoy

Lee & Associates

Broker

$631.9M

vol

44 deals

Broker
Rob Solomon

Rob Solomon

BLT Enterprises

Buyer

$216.6M

vol

5 deals

Buyer

Charles Salice

Seller

$13.4M

vol

2 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

2.58%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93