Barings Provides $93.4M Loan For Playa Vista Office Property
12901 West Jefferson Boulevard, Los Angeles, CA, USA
$93,400,000
$517/SF
Building Size
180,354 SF
Asset Type
Office
Closing
Feb 24, 2020
AI
barings-4626a10b-91b9-4404-b096-d78fc90a0c26''>Barings has provided a $93,400,000 loan for an office property located at 12901 West Jefferson Boulevard & 5340 Alla Road in Playa Vista. The property spans 180,354 square feet and is owned by LaSalle Investment Management.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $93,400,000
- Address: 12901 West Jefferson Boulevard & 5340 Alla Road
- Market: Playa Vista
The loan term is 5 years with a non-recourse floating rate. The deal was facilitated by CBRE brokers Brad Zampa, Greg Grant, Steve Roth, and Megan Woodring.
Los Angeles Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93