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Barings Provides $93.4M Loan For Playa Vista Office Property

Property Image
FINANCED
$93,400,000
Megan Woodring
Bradford "Brad" Zampa
Steve Roth
+ 1

California

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Office180,354 SF
Financed 02/25/2020
the dealplayerscompscontact
Property Image
FINANCED

Barings Provides $93.4M Loan For Playa Vista Office Property

12901 West Jefferson Boulevard, Los Angeles, CA, USA

See Similar Deals
Office180,354 SF
Financed 02/25/2020
Megan Woodring
Bradford "Brad" Zampa
Steve Roth
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$517
Total Square Footage:180,354 SF
Transaction Type:Loan

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.

Players

Greg Grant
Re/Max
Greg Grant
5 deals$366.3M volume(519) 426-0081
BROKER
Steve Roth
CBRE
Steve Roth
19 deals$2.5B volume
BROKER
Megan Woodring
CBRE
Megan Woodring
7 deals$482.3M volume
BROKER
Bradford "Brad" Zampa
CBRE
Bradford Zampa
20 deals$2.1B volume
BROKER
JLL
JLL
BROKERAGE
Barings
Barings
LENDER
JLL
JLL
LANDLORD

Details

FINANCED
IMAGE: Brad Zampa, Greg Grant, Steve Roth & Megan Woodring DATE: 02/25/2020 ADDRESS: 12901 West Jefferson Boulevard & 5340 Alla Road MARKET: Playa Vista ASSET TYPE: Office LENDER: Barings LANDLORD: LaSalle Investment Management BROKERS: Brad Zampa, Greg Grant, Steve Roth & Megan Woodring - CBRE LOAN AMOUNT: $93,400,000 LOAN TERMS: 5-year, non-recourse floating rate SF: 180,354

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$93,400,000.00

Monthly NOI$622,666.67
Monthly Debt Service$590,351.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00