Bristol Parkway Propco Acquires Retail Property In Culver City For $56M
6221 Bristol Pkwy, Culver City, California 90230, United States
$56,000,000
$941/SF
Building Size
59,511 SF
Asset Type
Retail
Closing
Jul 31, 2022
AI
The retail property located at 6221-99 Bristol Plaza Parkway in Culver City has been sold for a price of $56,000,000. The property spans 59,511 square feet, resulting in a price per square foot of $941. The sale took place on 08/01/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $56,000,000
- Address: 6221-99 Bristol Plaza Parkway
- Market: Culver City
The buyer of the property is Bristol Parkway Propco while the seller is M.C. Strauss Co., represented by Will Strauss. No additional details are available regarding the deal.
Culver City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93