Josh Michael Kopple Acquires Office Building In Los Angeles For $2.2M
SOLD
$2,225,000
California
See Similar DealsOffice1,920 SF
Sold 12/28/2023
SOLD
Josh Michael Kopple Acquires Office Building In Los Angeles For $2.2M
8938 West Pico Boulevard
See Similar DealsOffice1,920 SF
Sold 12/28/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,158
Total Square Footage:1,920 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$118,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,904.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,547.64
Annual Debt Service$126,571.62
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