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Alon Abady Acquires Class B Office Building In Sawtelle's Japantown For $15.3M

Property Image
SOLD
$15,300,000

California

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Other25,100 SF
Sold 07/07/2018
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Property Image
SOLD

Alon Abady Acquires Class B Office Building In Sawtelle's Japantown For $15.3M

1850 Sawtelle Boulevard, Los Angeles, CA 90025, USA

See Similar Deals
Other25,100 SF
Sold 07/07/2018
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Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$609
Total Square Footage:25,100 SF
Transaction Type:Sale

Located in Sawtelle's Japantown, a Class B office building at 1850 Sawtelle Boulevard in LA has been sold in a recent transaction. The property features a total square footage of 25,100 and was sold at a price of $15,300,000, resulting in a price per square foot of $609.

Summary of transaction details

  • Property Type: Class B office building
  • Transaction Amount: $15,300,000
  • Square Footage: 25,100
  • Price per Square Foot: $609
  • Address: 1850 Sawtelle Boulevard, LA
  • Market: Sawtelle's Japantown

The deal was facilitated by Bob Safai from an undisclosed agency as the broker. Ronald Richards served as the seller, while Alon Abady acted as the buyer in the transaction.

Players

16 deals$878.3M volume(310) 442-3399
BROKER

Alon Abady
4 deals$106.9M volume
BUYER

Details

SOLD
IMAGE: Ronald Richards and Bob Safai DATE: 07/07/2018 ADRESS: 1850 Sawtelle Boulevard MARKET: Sawtelle's Japantown CITY: LA ASSET TYPE: Class B office building PRICE: $15,300,000 SF: 25,100 PPSF: $609 BROKER: Bob Safai BUYER: Alon Abady SELLER: Ronald Richards

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$816,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,357.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,529.81
Annual Debt Service$870,357.67