Advanced Lipedema Treatment Acquires Office At 662 N. Sepulveda Blvd For $8.5M
SOLD
$8,500,000
California
See Similar DealsOffice16,481 SF
Sold 10/15/2023
SOLD
Advanced Lipedema Treatment Acquires Office At 662 N. Sepulveda Blvd For $8.5M
662 North Sepulveda Boulevard
See Similar DealsOffice16,481 SF
Sold 10/15/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$515
Total Square Footage:16,481 SF
Lot Square Footage:14620 SF
Transaction Type:Sale
The property asset involved in this transaction is an office located at 662 N. Sepulveda Blvd., within the Sepulveda market. The property was sold for $8,500,000.00 and contains a total area of 16,481 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,500,000.00
- Address: 662 N. Sepulveda Blvd.
- Market: Sepulveda
- Square Footage: 16,481.0
- Buyer: Advanced Lipedema Treatment
- Seller: 662 Sepulveda, LLC
- Brokers: Robert D. Erickson - Industry Partners, Bryan Carnes - Industry Partners, Corey Spound
This transaction was represented by brokers Robert D. Erickson and Bryan Carnes from Industry Partners. Corey Spound is also noted as a broker involved in the deal. The buyer, Advanced Lipedema Treatment, acquired the property from the seller, 662 Sepulveda, LLC.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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