Updated Dec 5, 2024
Goldman Sachs Group Inc. Acquires Los Angeles Property From Westbrook Partners For $92.5M
1640 S Sepulveda BLVD, Los Angeles, CA 90025, USA
$92,500,000
$561/SF
Building Size
164,682 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 1640 S Sepulveda Blvd, Los Angeles, CA 90025, USA. The total square footage of the asset is 164,682, and the transaction was completed at a price of $92,500,000. The market for this property is Los Angeles.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $92,500,000.00
- Address: 1640 S Sepulveda Blvd, Los Angeles, CA 90025, USA
- Market: Los Angeles
- Seller: Westbrook Partners
- Buyer: Goldman Sachs Group Inc. real estate fund
- Seller's Representative: Ken White-Newmark, Laura Stumm-Newmark, Guillermo Boisson - NKF Capital Markets
- Broker: Kevin Shannon - Newmark
The transaction was facilitated by a team of representatives from NKF Capital Markets, who acted on behalf of the seller, Westbrook Partners, while Kevin Shannon served as the broker in this high-value deal involving the Goldman Sachs Group Inc. real estate fund as the buyer.
On the Map
$92,500,000
$561/SF
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Players
Los Angeles 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93