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9050 Washington Blvd, Culve...

Updated Oct 29, 2024

Hackman Capital Partners Acquires Office Property In Culver City For $160M
SOLDOffice

Hackman Capital Partners Acquires Office Property In Culver City For $160M

9050 Washington Blvd, Culver City, CA, USA

$160,000,000

$878/SF

Building Size

182,176 SF

Asset Type

Office

Closing

Jan 26, 2021

About this deal

AI

The office property located at 9050 Washington Blvd in Culver City has been sold for a total price of $160,000,000. The transaction was completed on 01/27/2021. The property spans a total area of 182,176 square feet, resulting in a price per square foot of $878. The sale was facilitated by Eastdil Secured, the broker representing the buyer, Hackman Capital Partners.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $160,000,000
  • Square Footage: 182,176
  • Price Per Square Foot: $878
  • Date: 01/27/2021
  • Location: 9050 Washington Blvd, Culver City

Michael Hackman, representing Hackman Capital Partners, was actively involved in the purchase of this office property. The deal was successfully facilitated with the assistance of Eastdil Secured, the brokerage agency responsible for representing the buyer.

Players

Hackman Capital Partners
Hackman Capital PartnersBuyer

Culver City Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $878 per square foot on a published $160M for 182,176 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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