The property involved in this transaction is a 460,000-square-foot office campus located at 523 West 6th Street in Los Angeles. This asset, known as the PacMutual office campus, was sold for $48.5 million. The market value reflects a significant reduction from its previous sale price of $200 million in 2015. The sale involves a three-building historic complex, which includes the Clock, Sentry, and Carriage House buildings.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $48,500,000
• Buyer: Leo Pustilnikov, Joshua Javaheri, Kaveh Bral
• Seller: La Caisse
• Lender: Symetra Life Insurance
• Property Size: 460,000 SF
• Price Per Square Foot: $105

The buyers are a group of Southern California investors comprising Leo Pustilnikov, Joshua Javaheri, and Kaveh Bral. They secured financing for the acquisition through a loan of $31.5 million from Symetra Life Insurance. This transaction highlights significant investor activity in the Downtown Los Angeles area.