Updated Oct 29, 2024
Blackstone Group Provides $110M Loan For Culver City Office Building At 900 Corporate Pointe
900 Corporate Pointe, Culver City, CA 90230, Estados Unidos
$110,000,000
$381/SF
Building Size
288,000 SF
Asset Type
Office
Closing
Oct 11, 2020
About this deal
AI
The office property located at 900 Corporate Pointe in Culver City has been involved in a closed transaction. The property spans across 288,000 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: $110,000,000
- Address: 900 Corporate Pointe, Culver City
- Market: Culver City
- Lender: Blackstone Group
- Landlord: Northwood Investors
The key individuals involved in this deal include Kathleen Mccarthy, Jonathan Gray, Ken Caplan, and Rob Rubano. Rob Rubano, from Cushman & Wakefield, acted as the broker in this transaction.
Players
Culver City 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