Trammell Crow Company Acquires Development Site In San Pedro For $10 Million
625 South Beacon Street
$10,000,000
Building Size
—
Asset Type
Development Site
Closing
Jan 28, 2026
AI
A 1.29-acre development site located at 625 South Beacon Street in San Pedro has been sold for $10,000,000. The site is fully entitled and will support the construction of a mixed-use residential project comprising 381 units within an eight-story structure. The development plan includes 2,300 square feet of retail space, 5,000 square feet of plaza space, and a parking garage with 505 spaces. Construction is expected to commence in February 2026.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,000,000
- Address: 625 South Beacon Street
- Market: San Pedro
- Acres: 1.29
- Buyer: Adam Nims - Trammell Crow Company
- Broker: Laurie Wixted - The Wixted Group
The deal involved Adam Nims representing the Trammell Crow Company, which is a subsidiary that handled the acquisition of the property. Laurie Wixted served as the representative for the sale, facilitating the transaction and ensuring the entitlement process for the site was successfully completed.
Players
San Pedro Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93