Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,225,000
$1,158/SF
Office
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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