Updated Nov 28, 2024
Olive Hill Group Purchases 520 S Broadway From Tishman Speyer For $117 Million
520 S Broadway, Los Angeles, CA 90401
$117,000,000
$1,035/SF
Building Size
113,000 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 520 S Broadway, Los Angeles, CA and has a total square footage of 113,000. The transaction price for this asset is $117,000,000.00. The market for this property is Los Angeles.
Summary of transaction details:
- Property Type: Unknown
- Transaction Amount: $117,000,000.00
- Buyer: Olive Hill Group
- Seller: Tishman Speyer
- Buyer's Representative: Grace Winters-Phelps & Phillips LLP
This transaction was facilitated by Grace Winters-Phelps & Phillips LLP, representing Olive Hill Group in their acquisition of the property from Tishman Speyer.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93