facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Mixed Use

/

Loan

/

4065 Glencoe Avenue, MDR, C...

Updated Feb 16, 2024

Steaven Jones Development & Creative Office Properties Secure $63M Loan For 4065 Glencoe Avenue Mixed-use In Marina Del Rey
FINANCEDMixed-use

Steaven Jones Development & Creative Office Properties Secure $63M Loan For 4065 Glencoe Avenue Mixed-use In Marina Del Rey

4065 Glencoe Avenue, MDR, CA 90292

$63,000,000

$969/SF

Building Size

65,000 SF

Asset Type

Mixed-use

Closing

Aug 26, 2021

About this deal

AI

The mixed-use property located at 4065 Glencoe Avenue in Marina Del Rey has undergone a closed transaction. The deal, which took place on 08/26/2021, involved a loan provided by Acore Capital for a total amount of $63,000,000. The property spans a total area of 65,000 square feet.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $63,000,000
  • Address: 4065 Glencoe Avenue
  • Market: Marina Del Rey

The landlord of the property is Steaven Jones Development, represented by Steaven K. Jones, and Creative Office Properties, represented by Lawry Meister.

This transaction showcases the involvement of key individuals and companies in shaping the deal. Steaven K. Jones, from Steaven Jones Development, and Lawry Meister, from Creative Office Properties, played crucial roles as the landlord representatives in this transaction.

Players

Acore Capital
Acore CapitalLender

Marina Del Rey Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Deal FAQ

About $969 per square foot on a published $63M for 65,000 square feet (2021).

Browse Marina Del Rey mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets