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1850 Sawtelle Boulevard, Lo...

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

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

1850 Sawtelle Boulevard, Los Angeles, CA 90025, USA

$15,300,000

$609/SF

Building Size

25,100 SF

Asset Type

Other

Closing

Jul 6, 2018

AI

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

Bob Safai

Broker

$878.3M

vol

16 deals

Broker
Alon Abady

Alon Abady

Abady Holdings

Buyer

$106.9M

vol

4 deals

Buyer

Los Angeles Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93