Updated Oct 29, 2024
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
Culver City 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93