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5890 West Jefferson Bouleva...

Updated May 12, 2025

SOLDOffice

Clarion Partners & Lincoln Property Co. Acquire Culver City Office Portfolio For $169M

5890 West Jefferson Boulevard, Culver City, CA, USA

$169,000,000

$2,816/SF

Building Size

60,000 SF

Asset Type

Office

Closing

Feb 6, 2020

About this deal

AI

The property asset involved in the transaction is located at 5870, 5880 & 5890 W. Jefferson Blvd in Culver City. The sale price was $169,000,000, encompassing a total area of 60,000 square feet, which equates to a price per square foot of $2,816.

Summary of transaction details:

The transaction included key individuals such as Ken White, Kevin Shannon, Ron Rader, and Laura Stumm who were instrumental in the brokerage process, representing various parties in the deal. The involvement of Rader Properties Group and Rodeo Properties as sellers highlights the diverse stakeholders engaged in this transaction, while Clarion Partners and Lincoln Property Co. represented the buyer side of the negotiation.

On the Map

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$169,000,000

$2,816/SF

Office

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Players

Ken White

Newmark

Broker

$6.2B

vol

98 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBuyer
Bilt advertisement

Culver City Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $2.8K per square foot on a published $169M for 60,000 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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