Cushman & Wakefield Represents Sale Of Los Angeles Office At 500 South Santa Fe Avenue For $45M
500 South Santa Fe Avenue
$45,000,000
$441/SF
Building Size
102,010 SF
Asset Type
Office
Closing
Dec 16, 2025
AI
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:
- Property Type: Office
- Transaction Amount: $45,000,000
- Square Footage: 102,010
- Price Per Square Foot: $441
- Address: 500 South Santa Fe Avenue
- Market: Los Angeles
- Brokers: Mike Condon Jr., Peter Collins, Steve Marcussen, Scott Menkus, Brittany Winn, Erica Finck - Cushman & Wakefield; Lawson Martin & Clayton Hovivian - Cresa
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
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93