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8938 West Pico Boulevard

Josh Michael Kopple Acquires Office Building In Los Angeles For $2.2M
SOLDOffice

Josh Michael Kopple Acquires Office Building In Los Angeles For $2.2M

8938 West Pico Boulevard

$2,225,000

$1,158/SF

Building Size

1,920 SF

Asset Type

Office

Closing

Dec 28, 2023

AI

An office property located at 8938 West Pico Boulevard in Los Angeles has been sold for a price of $2,225,000. The property spans a total of 1,920 square feet, resulting in a price per square foot of $1,159. The transaction took place on 12/28/2023.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,225,000
  • Square Footage: 1,920
  • Price per Square Foot: $1,159
  • Address: 8938 West Pico Boulevard
  • Market: Los Angeles

Jake Zacuto and Ben Khoubian of Zacuto Group represented the buyer, Josh Michael Kopple, in this transaction. Harry Tennon was the seller in the deal.

Players

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 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

7.13%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93