Updated May 12, 2025
Fortress Investment Group Acquires Office Building In Brentwood For $58M
11611 San Vicente Blvd, Sawtelle, Los Angeles, CA, USA
$58,000,000
$552/SF
Building Size
105,000 SF
Asset Type
Office
Closing
May 15, 2019
About this deal
AI
The property asset involved in this transaction is an office located at 11611 San Vicente Blvd in the Brentwood market. It has a total square footage of 105,000 and was sold for $58,000,000, which equates to a price per square foot of $552.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $58,000,000
- Address: 11611 San Vicente Blvd
- Market: Brentwood
- Square Footage: 105,000
- Price per Square Foot: $552
- Buyer: Fortress Investment Group
- Seller: Vintage Capital Group
- Brokers: Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, and Michael Moll - Newmark Knight Frank
This transaction was facilitated by a team of brokers from Newmark Knight Frank, including Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, and Michael Moll, who represented the interests of both the buyer and the seller.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93