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676 North Spring Street

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

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

676 North Spring Street

$2,500,000

$515/SF

Building Size

4,850 SF

Asset Type

Office

Closing

Apr 18, 2025

AI

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

Industry Partners

Broker

$24.5M

vol

2 deals

Broker
Jim Jacobson

Jim Jacobson

Seller

$30.5M

vol

2 deals

Seller

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93