JPO22, LLC Acquires Office Building In Culver City, LA For $3.9M
8654 Washington Boulevard, Culver City, CA 90232, USA
$3,900,000
$975/SF
Building Size
4,000 SF
Asset Type
Office
Closing
Jul 22, 2018
AI
An office building located at 8654 Washington Blvd. in Culver City, LA, was recently sold for $3,900,000. The property spans 4,000 square feet, resulting in a price per square foot of $956. The transaction took place on July 23, 2018. The buyers, JPO22, LLC, acquired the property from the sellers, Haley Miranda Group and Tina Hopkins. The deal was facilitated by brokers Nathan Pellow, Nick Nybakken, and Patrick Sheekey.
Summary of transaction details:
- Property Type: Office building
- Transaction Amount: $3,900,000
- Address: 8654 Washington Blvd.
- Market: Culver City
- City: LA
- Square Footage: 4,000 sq.ft
- Price Per Square Foot: $956
- Buyer: JPO22, LLC
- Seller: Haley Miranda Group, Tina Hopkins
- Brokers: Nathan Pellow, Nick Nybakken, Patrick Sheekey
This transaction involved Patrick Sheekey and Tina Hopkins. The office building, located at 8654 Washington Blvd. in Culver City, LA, offers 4,000 square feet of space. The price per square foot for the property was $956. The deal took place on July 23, 2018, with a sale price of $3,900,000. Brokers Nathan Pellow, Nick Nybakken, and Patrick Sheekey represented the buyer, JPO22, LLC, in the transaction, while the sellers were Haley Miranda Group and Tina Hopkins.
Players
Culver City 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93