M.C. Strauss Co. Sells 7.05 Acre Development Site In Culver City, CA For $56M
6201-6229 Bristol Parkway
Building Size
—
Asset Type
—
Closing
Aug 1, 2022
About this deal
AI
The development site located at 6201-6229 Bristol Parkway in Culver City, CA has been sold for a total of $56,000,000. The property spans across 7.05 acres and was sold under the representation of Janet Neman and Brian Jensen from Kidder Mathews.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $56,000,000
- Address: 6201-6229 Bristol Parkway, Culver City, CA
- Market: Culver City, CA
- Asset Type: Development site
- Acres: 7.05
M.C. Strauss Co., represented by Will Strauss, served as the seller of the property. Janet Neman and Brian Jensen, from Kidder Mathews, acted as the buyer's representatives in this transaction. It is noteworthy that the sale was facilitated by Charles Dunn Company.
On the Map
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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