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Irina Gilly Acquires Office Asset In Los Angeles For $2.5 Million With Jackie Lubrano & Carle Pierose

Property Image
SOLD
$2,500,000

California

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Office4,850 SF
Sold 04/18/2025
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Property Image
SOLD

Irina Gilly Acquires Office Asset In Los Angeles For $2.5 Million With Jackie Lubrano & Carle Pierose

676 North Spring Street

See Similar Deals
Office4,850 SF
Sold 04/18/2025
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$515
Total Square Footage:4,850 SF
Transaction Type:Sale

The property asset involved in this transaction is an office space located at 676 North Spring Street in Los Angeles. The sale price of the property was $2,500,000, encompassing a total square footage of 4,850, resulting in a price per square foot of $515.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,500,000
  • Address: 676 North Spring Street
  • Market: Los Angeles
  • Square Footage: 4,850
  • Price per Square Foot: $515
  • Buyer: Irina Gilly
  • Seller: Jim Jacobson
  • Buyer’s Representative: Jackie Lubrano - Zacuto Group
  • Seller’s Representative: Carle Pierose - Industry Partners

The key individuals involved in this transaction include the buyer, Irina Gilly, and the seller, Jim Jacobson. The deal was facilitated by Jackie Lubrano representing the buyer through Zacuto Group, while Carle Pierose represented the seller with Industry Partners.

Players

Carle Pierose
2 deals$24.5M volume
BROKER

Jackie Lubrano
Zacuto Group
6 deals$34.3M volume
BROKER

Jim Jacobson
2 deals$30.5M volume
SELLER

Details

SOLD
IMAGE: Jackie Lubrano & Carle Pierose DATE: 04/28/2025 ADDRESS: 676 North Spring Street MARKET: Los Angeles ASSET TYPE: Office BUYER: Irina Gilly SELLER: Jim Jacobson BUYER'S REP: Jackie Lubrano (@Jackie_Lubrano) - Zacuto Group (@ZacutoGroup) SELLER'S REP: Carle Pierose (@CarlePierose) - Industry Partners (@IndustryPartners) SALE PRICE: $2,500,000 SF: 4,850 ~ PPSF: $515

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31