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300 S Santa Fe Ave, Los Ang...

JLL Brokers Mixed-Use Property Sale At 300 S Santa Fe Ave, Los Angeles
SOLDMixed-use

JLL Brokers Mixed-Use Property Sale At 300 S Santa Fe Ave, Los Angeles

300 S Santa Fe Ave, Los Angeles, CA...

Building Size

Asset Type

Mixed-use

Closing

Nov 20, 2023

AI

One Santa Fe is a mixed-use core-plus apartment community located at 300 S Santa Fe Ave in Los Angeles, CA. The property, completed in 2015, comprises 438 units of various layouts, along with an 81,000-square-foot retail component known as The Yards at One Santa Fe.

Summary of transation details:

  • Property Type: Mixed-use apartment community
  • Transaction Amount: Undisclosed
  • Address: 300 S Santa Fe Ave, Los Angeles, CA
  • Market: Los Angeles
  • Seller's Representative: Matthew Lawton (JLL), Sean Deasy (JLL)
  • Buyer: Canada-based institutional investor

The sale of One Santa Fe was facilitated by the broker team from JLL Capital Markets, consisting of Blake Rogers, Matthew Lawton, and Sean Deasy. The property was part of a larger 13-property multifamily portfolio marketed by JLL on behalf of Berkshire Residential Investments, with this property being the final piece of the portfolio sold.

Players

Matthew Lawton

JLL

Broker

$1.5B

vol

13 deals

Broker

Los Angeles Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93