BLT Enterprises Acquires Playa Vista Office Building For $6.1M
SOLD
$6,141,000
+ 2
California
See Similar DealsOffice7,000 SF
Sold 07/11/2022
SOLD
BLT Enterprises Acquires Playa Vista Office Building For $6.1M
6368 Arizona Circle
See Similar DealsOffice7,000 SF
Sold 07/11/2022
+ 2
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$877
Total Square Footage:7,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$327,520.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,817.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,111.47
Annual Debt Service$349,337.68
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