Updated Dec 4, 2024
Zalmy Labkowsky Acquires Office Building In Los Angeles For $4.1M
8750 West Pico Boulevard
$4,100,000
$715/SF
Building Size
5,728 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The office property located at 8750 West Pico Boulevard in Los Angeles has been sold in a transaction. The property spans 5,728 square feet and was sold for a total price of $4,100,000, resulting in a price per square foot of $716.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $4,100,000
- Square Footage: 5,728
- Price Per Square Foot: $716
- Address: 8750 West Pico Boulevard, Los Angeles
The buyer in this transaction is Zalmy Labkowsky, while the seller is Chaim Botach. The buyer was represented by Seth Grossman and Jeff Gray from Conroy Commercial, and the seller was represented by T.C. Macker and Woody Cook from WESTMAC Commercial Brokerage Company.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93