Updated Sep 5, 2024
Spectrum Commercial Real Estate, Inc. Sells Office Building On 9701 West Pico Boulevard In Los Angeles For $7.49M
9701 West Pico Boulevard
$7,490,000
$927/SF
Building Size
8,075 SF
Asset Type
Office
Closing
Dec 30, 2022
About this deal
AI
An office property located at 9701 West Pico Boulevard in Los Angeles has been sold for $7,490,000. The property spans approximately 8,600 square feet, resulting in a price per square foot of $871. This transaction was facilitated by Yair Haimoff and Zachary Rabinowitz of Spectrum Commercial Real Estate, Inc.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,490,000
- Address: 9701 West Pico Boulevard, Los Angeles
- Market: Los Angeles
- Broker: Yair Haimoff & Zachary Rabinowitz - Spectrum Commercial Real Estate, Inc.
- Square Footage: 8,600
- Price Per Square Foot: $871
Yair Haimoff and Zachary Rabinowitz of Spectrum Commercial Real Estate, Inc. represented the parties involved in this office property sale.
On the Map
$7,490,000
$927/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93