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8750 West Pico Boulevard

Zalmy Labkowsky Acquires Office Building In Los Angeles For $4.1M
SOLDOffice

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

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

T.C. Macker

WESTMAC Commercial Brokerage Company

Broker

$483.6M

vol

65 deals

Broker

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