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
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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