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6374 Arizona Circle

BLT Enterprises Acquires Office Building In Playa Vista For $7.2M
SOLDOffice

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

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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93