BLT Enterprises Acquires Office Building In Playa Vista For $7.2M
6374 Arizona Circle
$7,209,000
$890/SF
Building Size
8,100 SF
Asset Type
Office
Closing
Jul 11, 2022
AI
The office property located at 6374 Arizona Cir in Playa Vista has been sold. The transaction took place on 07/11/2022, with a sale price of $7,209,000. The property spans 8,100 square feet, resulting in a price per square foot of $890.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,209,000
- Address: 6374 Arizona Cir, Playa Vista
- Square Footage: 8,100
- Price per Square Foot: $890
The buyer, BLT Enterprises, was represented by Rob Solomon. The seller of the property was Charles Salice. The deal was facilitated by Brad McCoy, David Wilson, and Keith Fielding from Lee & Associates West LA.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93