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7065 Lexington Avenue, West...

Steve Ungar Sells West Hollywood Office For Two Million Seven Hundred Seventy Five Thousand Dollars
SOLDOffice

Steve Ungar Sells West Hollywood Office For Two Million Seven Hundred Seventy Five Thousand Dollars

7065 Lexington Avenue, West Hollywood, California 90038, United States

$2,775,000

$671/SF

Building Size

4,132 SF

Asset Type

Office

Closing

Jan 19, 2022

AI

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:

The deal's key participants included the seller and two brokerage teams, with collaboration across firms to facilitate the disposition.

Players

Jay Martinez

Kidder Mathews

Broker

$145.3M

vol

41 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

West Hollywood 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

5.72%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93