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1888 Century Park E, Los An...

Updated Feb 16, 2024

CommonWealth Partners And CalPERS Refinance Loan For Office Building In Century City For $200M
FINANCEDOffice

CommonWealth Partners And CalPERS Refinance Loan For Office Building In Century City For $200M

1888 Century Park E, Los Angeles, California 90067, United States

$200,000,000

$378/SF

Building Size

528,900 SF

Asset Type

Office

Closing

Dec 28, 2021

About this deal

AI

Located at 1888 Century Park East in Century City, this office property spans an impressive 528,900 square feet. The transaction took place on December 28, 2021, and involved a refinance loan.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $200,000,000
  • Address: 1888 Century Park East
  • Market: Century City
  • Size: 528,900 square feet

The lender in this deal was Barclays, while the landlord was CommonWealth Partners represented by Travis Addison and CalPERS represented by Marcie Frost.

The office loan at 1888 Century Park E, Los Angeles, California 90067, United States in Los Angeles, California financed for $200M in 2021. The building is 528,900 square feet, implying about 378 per square foot on the published price. This page is the Los Angeles, California file for the 1888 Century Park E, Los Angeles, California 90067, United States office financed: pricing, party profiles, and other closed office comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles office set by closing date to see what else financed near 1888 Century Park E, Los Angeles, California 90067, United States around 2021. Published consideration for 1888 Century Park E, Los Angeles, California 90067, United States is $200M, dated 2021. Cite this CommonWealth Partners And CalPERS Refinance Loan For Office Building In Century City For $200M loan when underwriting similar office product around Los Angeles, California.

Players

Barclays Bank
Barclays BankLender

Los Angeles Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $378 per square foot on a published $200M for 528,900 square feet (2021).

Browse California office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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