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
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