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1640 S Sepulveda BLVD, Los ...

Goldman Sachs Group Inc. Acquires Los Angeles Property From Westbrook Partners For $92.5M
SOLD

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

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:

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.

Players

Ken White

Newmark

Broker

$6.1B

vol

96 deals

Broker
Goldman Sachs
Goldman SachsBuyer
Westbrook Partners
Westbrook PartnersSeller
Goldman Sachs
Goldman SachsLender

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