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662 North Sepulveda Boulevard

Advanced Lipedema Treatment Acquires Office At 662 N. Sepulveda Blvd For $8.5M
SOLDOffice

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:

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

Corey Spound

Tamarack RES

Broker

$124.4M

vol

6 deals

Broker
AT
Advanced Lipedema TreatmentBuyer
6L
662 Sepulveda, LLCSeller

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