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

Property Image
SOLD
$7,209,000
David (Dave) Wilson
Brad McCoy
+ 2

California

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Office8,100 SF
Sold 07/11/2022
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Property Image
SOLD

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

6374 Arizona Circle

See Similar Deals
Office8,100 SF
Sold 07/11/2022
David (Dave) Wilson
Brad McCoy
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$890
Total Square Footage:8,100 SF
Transaction Type:Sale

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
44 deals$631.9M volume
BROKER

David (Dave) Wilson
Lee & Associates
34 deals$562M volume
BROKER

Keith Fielding
Lee & Associates
9 deals$127.2M volume(310) 899-2720
BROKER

Rob Solomon
BLT Enterprises
5 deals$216.6M volume
BUYER

Details

SOLD
IMAGE: Brad McCoy, Rob Solomon, Keith Fielding & David Wilson DATE: 07/11/2022 ADDRESS: 6374 Arizona Cir MARKET: Playa Vista ASSET TYPE: Office BUYER: BLT Enterprises - Rob Solomon (@RSoloAwesome) SELLER: Charles Salice BROKERS: Brad McCoy (@BradfordMcCoy), David Wilson (@CreativeOffice365) & Keith Fielding (@KiethhFielding) - Lee & Associates West LA SALE PRICE: $7,209,000 SF: 8,100 ~ PPSF: $890

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$384,480.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,612.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,174.34
Annual Debt Service$410,092.05