Updated Feb 16, 2024
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
Marina Del Rey 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93