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7151 West Manchester Avenue

Sharon Holm-Gilboy Sells Office Building On West Manchester Ave In Los Angeles For $5.75M
SOLDOffice

Sharon Holm-Gilboy Sells Office Building On West Manchester Ave In Los Angeles For $5.75M

7151 West Manchester Avenue

$5,750,000

$491/SF

Building Size

11,711 SF

Asset Type

Office

Closing

Mar 21, 2023

AI

Located at 7151 West Manchester Avenue in Los Angeles, this office property was recently sold in a closed transaction. The seller, Sharon Holm-Gilboy, enlisted the services of T.C. Macker, Jennifer Moscoso, Woody Cook, and WESTMAC Commercial Brokerage Company to represent her in this deal.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,750,000
  • Square Footage: 11,711
  • Price per Square Foot: $491

T.C. Macker, Jennifer Moscoso, Woody Cook, and WESTMAC Commercial Brokerage Company played a pivotal role in facilitating this successful sale. With their expertise and knowledge of the Los Angeles market, they were able to secure a favorable deal for their client, Sharon Holm-Gilboy.

Players

Jennifer Moscoso

WESTMAC Commercial Brokerage Company

Broker

$241.9M

vol

30 deals

Broker

Market 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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93