Advanced Lipedema Treatment Acquires Office At 662 N. Sepulveda Blvd For $8.5M
662 North Sepulveda Boulevard
$8,500,000
$515/SF
Building Size
16,481 SF
Asset Type
Office
Closing
Oct 15, 2023
AI
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
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93