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10800 W Pico Blvd, Los Ange...

GPI Companies Secures $120M Loan For Mixed-Use Property On West End
FINANCEDMixed-use

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

Kevin MacKenzie

JLL

Broker

$4.4B

vol

25 deals

Broker
Acore Capital
Acore CapitalLender
GPI Companies
GPI CompaniesLandlord

Los Angeles Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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