Updated Oct 29, 2024
David Wright And Simon Aftalion Sell Office In Pasadena For $11.75M
66 Hurlbut Street, Pasadena, CA, USA
$11,750,000
$554/SF
Building Size
21,200 SF
Asset Type
Office
Closing
Sep 18, 2019
About this deal
AI
The office property located at 66 Hurlbut Street in Pasadena has been sold for a price of $11,750,000. The building spans across 21,200 square feet, resulting in a price per square foot of $554.25.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,750,000
- Address: 66 Hurlbut Street, Pasadena
- Market: Pasadena
The sellers of the property were David Wright, Simon Aftalion, who were represented by Markwood. Evan Lewitt, Will Poulsen II, and Nicholas Borrelli from Coldwell Banker Commercial acted as the brokers in the deal.
On the Map
$11,750,000
$554/SF
Office
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Players
Pasadena 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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93