BLT Enterprises Acquires Office Building In Playa Vista For $7.2M
SOLD
California
See Similar DealsOffice8,100 SF
Sold 07/11/2022
SOLD
BLT Enterprises Acquires Office Building In Playa Vista For $7.2M
6374 Arizona Circle
See Similar DealsOffice8,100 SF
Sold 07/11/2022
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.
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Details
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Deal Type
30 years
10 years
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
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