Updated Oct 29, 2024
Bank OZK And Acore Capital Provide $117M Loan For Glencoe Avenue Office In Los Angeles
4204 Glencoe Avenue, Marina del Rey, California 90292, United States
$117,000,000
$774,834/SF
Building Size
151 SF
Asset Type
Office
Closing
Nov 16, 2022
About this deal
AI
The property asset involved in this closed transaction is an office located at 4204-4230 Glencoe Avenue in Los Angeles, CA. The office space spans a total of 151,000 square feet. The transaction took place on 11/16/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $117,000,000
- Address: 4204-4230 Glencoe Avenue, Los Angeles, CA
- Market: Los Angeles, CA
The loan for this transaction was provided by Bank OZK and Acore Capital, with a total loan amount of $117,000,000. The loan type involved in this transaction is a Senior & Mezzanine Loan. The landlord of the property is The Bradmore Group. Greg Grant from CBRE represented the buyer as the broker in this deal.
On the Map
$117,000,000
$774,834/SF
Office
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Players
Marina Del Rey Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93