Steve Ungar Sells West Hollywood Office For Two Million Seven Hundred Seventy Five Thousand Dollars
SOLD
California
See Similar DealsOffice4,132 SF
Sold 01/20/2022
SOLD
Steve Ungar Sells West Hollywood Office For Two Million Seven Hundred Seventy Five Thousand Dollars
7065 Lexington Avenue, West Hollywood, California 90038, United States
See Similar DealsOffice4,132 SF
Sold 01/20/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$671
Total Square Footage:4,132 SF
Transaction Type:Sale
An office asset located at 7065 Lexington Avenue in West Hollywood sold for $2,775,000. The 4,132-square-foot property was transacted in the West Hollywood market, with a price per square foot of $671.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $2,775,000
- Address: 7065 Lexington Avenue
- Market: West Hollywood
- Asset Type: Office
- Seller: Steve Ungar
- Seller’s Rep: Jay Martinez - Hudson Partners; Elizabeth Clark - Compass Commercial; Sayeh Foroutan - Hudson Partners; Connor MacLeod - Compass Commercial
- Sale Price: $2,775,000
- SF: 4,132
- PPSF: $671
- Date: 01/20/2022
The deal's key participants included the seller and two brokerage teams, with collaboration across firms to facilitate the disposition.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,858.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,154.92
Annual Debt Service$157,858.99
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