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10281 W Pico Blvd

Devin Klein Represents Buyer In Sale Of Class A Office Building For $10M In Century City
SOLD

Devin Klein Represents Buyer In Sale Of Class A Office Building For $10M In Century City

10281 W Pico Blvd

Building Size

Asset Type

Closing

Oct 29, 2025

AI

Class A boutique office building located at 10281 West Pico Boulevard, in the Prime Century City neighborhood. The asset encompasses a total square footage of 36,252 and is situated on 0.23 acres. The property has been transacted for a price of $10,000,000, with a price per square foot of $276.

Summary of transaction details:

  • Property Type: CLASS A Office
  • Transaction Amount: $10,000,000
  • Square Footage: 36,252 SF
  • Address: 10281 West Pico Boulevard
  • Market: Century City / Los Angeles
  • Acres: 0.23
  • Brokers: Devin Klein, Andrew Harper, Jeff Bramson & Will Poulsen - JLL
  • Buyer Representative: Devin Klein

The transaction involved brokers Devin Klein, Andrew Harper, Jeff Bramson, and Will Poulsen of JLL, with Devin Klein representing the buyer in the deal. The property is adjacent to notable landmarks such as 20th Century Fox and Hillcrest Country Club, as well as the Century City commercial and retail corridor.

Players

Will Poulsen

JLL

Broker

$701.5M

vol

14 deals

Broker
JLL
JLLBrokerage

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93