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

Property Image
SOLD
$4,100,000
Seth Grossman
Woody Cook
T.C. Macker
+ 1

California

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Office5,728 SF
Sold 11/20/2023
the dealplayerscompscontact
Property Image
SOLD

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

8750 West Pico Boulevard

See Similar Deals
Office5,728 SF
Sold 11/20/2023
Seth Grossman
Woody Cook
T.C. Macker
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$715
Total Square Footage:5,728 SF
Transaction Type:Sale

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
T.C. Macker
65 deals$483.6M volume(310) 966-4352
BROKER
Woody Cook
WESTMAC Commercial Brokerage Company
Woody Cook
22 deals$123M volume
BROKER
Seth Grossman
Conroy Commercial
Seth Grossman
7 deals$72.5M volume
BROKER
Jeff Gray
Conroy Commercial
Jeff Gray
1 deal$4.1M volume(310) 275-3213
BROKER

Details

SOLD
IMAGE: T.C. Macker, Woody Cook, Seth Grossman & Jeff Gray DATE: 11/20/2023 ADDRESS: 8750 West Pico Boulevard MARKET: Los Angeles ASSET TYPE: Office BUYER: Zalmy Labkowsky SELLER: Chaim Botach BUYER'S REP: Seth Grossman (@SethDirect) & Jeff Gray - Conroy Commercial (@ConroyCommercial) SELLER'S REP: T.C. Macker (@Westlacre) & Woody Cook (@WoodyCookcre) - WESTMAC Commercial Brokerage Company (@WestMac_CRE) SALE PRICE: $4,100,000 SF: 5,728 ~ PPSF: $716

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10