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Cushman & Wakefield Represents Sale Of Los Angeles Office At 500 South Santa Fe Avenue For $45M

Property Image
SOLD
$45,000,000
Steven (Steve) Marcussen
Mike Condon Jr.
+ 5

California

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Office102,010 SF
Sold 12/16/2025
the dealplayerscompscontact
Property Image
SOLD

Cushman & Wakefield Represents Sale Of Los Angeles Office At 500 South Santa Fe Avenue For $45M

500 South Santa Fe Avenue

See Similar Deals
Office102,010 SF
Sold 12/16/2025
Steven (Steve) Marcussen
Mike Condon Jr.
+ 5
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$441
Total Square Footage:102,010 SF
Transaction Type:Sale

The property involved in this transaction is an office asset located at 500 South Santa Fe Avenue in the Los Angeles market. The sale was finalized at a price of $45,000,000, with a total square footage of 102,010, resulting in a price per square foot of $441.

Summary of transaction details:

The transaction featured several brokers from Cushman & Wakefield, including Mike Condon Jr., Peter Collins, Steve Marcussen, Scott Menkus, Brittany Winn, and Erica Finck, alongside Lawson Martin and Clayton Hovivian from Cresa, representing the parties involved in the deal.

Players

Steven (Steve) Marcussen
2 deals$125M volume
BROKER

Brittany Winn
Cushman & Wakefield
5 deals$134.8M volume
BROKER

Mike Condon Jr.
Cushman & Wakefield
26 deals$1.2B volume
BROKER

Erica Finck
Cushman & Wakefield
11 deals$648.6M volume(213) 426-3052
BROKER

Peter Collins
Cushman & Wakefield
5 deals$58.9M volume
BROKER

Scott Menkus
Cushman & Wakefield
2 deals$45M volume(310) 595-2211
BROKER

Lawson Martin
Cresa
3 deals$45M volume(213) 430-2456
BROKER

Clayton Hovivian
Cresa
1 deal$45M volume(213) 760-2422
BROKER

Cresa
BROKERAGE

Details

SOLD
IMAGE: Mike Condon Jr., Peter Collins, Steve Marcussen, Scott Menkus, Brittany Winn, Erica Finck, Lawson Martin & Clayton Hovivian DATE: 12/16/2025 ADDRESS: 500 South Santa Fe Avenue MARKET: Los Angeles ASSET TYPE: Office BROKERS: Mike Condon Jr. (@MikeCondonsation), Peter Collins, Steve Marcussen, Scott Menkus, Brittany Winn, Erica Finck - Cushman & Wakefield (@CushWake); Lawson Martin & Clayton Hovivian - Cresa (@CresaGlobal) SALE PRICE: $45,000,000 SF: 102,010 ~ PPSF: $441

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,400,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50