Alon Abady Acquires Class B Office Building In Sawtelle's Japantown For $15.3M
SOLD
California
See Similar DealsOther25,100 SF
Sold 07/07/2018
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 DealsOther25,100 SF
Sold 07/07/2018
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.
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Deal Type
30 years
10 years
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
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