Martha Santana Chin Of L.A. Care Health Plan Acquires Defaulted Loan In Los Angeles For $125M

The asset involved in this transaction is a note/loan associated with an office and data center located at 1200 West 7th Street, Los Angeles, CA. The transaction was completed for a total sale price of $125,000,000. The property spans 730,000 square feet, resulting in a price per square foot of $171.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $125,000,000
• Buyer: Martha Santana Chin - L.A. Care Health Plan
• Sale Date: 08/29/2026
• Market: Los Angeles, CA
• Square Footage: 730,000
• Price per Square Foot: $171

L.A. Care Health Plan, represented by Martha Santana Chin, acquired the defaulted loan on West7Center, which is fully occupied by L.A. Care through a lease that extends to 2035. This acquisition exemplifies a strategic move by a major tenant to secure distressed real estate at a significant discount.