GPI Companies Secures $120M Loan For Mixed-Use Property On West End
10800 W Pico Blvd, Los Angeles, CA, USA
$120,000,000
$521/SF
Building Size
230,000 SF
Asset Type
Mixed-use
Closing
Nov 10, 2019
AI
10800 W Pico Blvd in West End has recently undergone a closed transaction. This mixed-use property, spanning 230,000 square feet, was involved in a deal with a loan amount of $120,000,000. The lender for this transaction was ACORE Capital, while the landlord was GPI Companies. The property is situated in a prime location in West End, making it an attractive asset.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $120,000,000
- Address: 10800 W Pico Blvd
- Market: West End
- Lender: ACORE Capital
- Landlord: GPI Companies
In facilitating this transaction, JLL represented the involved parties. The brokers in charge of this deal were Kevin MacKenzie, Greg Brown, Jeff Sause, and Peter Thompson from JLL. Their expertise and negotiation skills played a crucial role in successfully closing this transaction.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93