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500 South Santa Fe Avenue

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

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:

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 Marcussen

Cushman & Wakefield

Broker

$125M

vol

2 deals

Broker
Cresa
CresaBrokerage

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