facebook
Traded Co logo
Submit

Carolwood LP Acquires Office Building On Wilshire Boulevard In Los Angeles For $147.8M

Property Image
SOLD
$147,800,000
Sean Fulp
Adam Rubin
Andrew Shanfeld
+ 1

California

See Similar Deals
Office
Sold 12/22/2023
the dealplayerscompscontact
Property Image
SOLD

Carolwood LP Acquires Office Building On Wilshire Boulevard In Los Angeles For $147.8M

707 Wilshire Boulevard

See Similar Deals
Office
Sold 12/22/2023
Sean Fulp
Adam Rubin
Andrew Shanfeld
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Transaction Type:Sale

The office property located at 707 Wilshire Boulevard in Los Angeles has been sold for a total of $147,800,000. The property spans a total area of 1,133,121 square feet, resulting in a price per square foot of $130. The transaction took place on December 22, 2023.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $147,800,000
  • Address: 707 Wilshire Boulevard
  • Market: Los Angeles
  • Property Area: 1,133,121 square feet
  • Price per Square Foot: $130

The buyer of the property is Carolwood LP, represented by Adam Rubin, Andrew Shanfeld, Daniel Abrams, and Adam Tischer. The seller is Shorenstein Properties. The buyer's representative in the deal is Sean Fulp of Colliers, while the seller's representative is Kevin Shannon of Newmark.

Players

Sean Fulp
Colliers
Sean Fulp
55 deals$1.9B volume
BROKER
Adam Rubin
Adam Rubin
10 deals$647.6M volume
BUYER
Andrew Shanfeld
Andrew Shanfeld
7 deals$340M volume
BUYER
DA
Daniel Abrams
2 deals$147.8M volume
BUYER
CL
Carolwood LP
BUYER
SL
Shorenstein Properties LLC
SELLER

Details

SOLD
IMAGE: Adam Rubin, Andrew Shanfeld, Adam Tischer, Sean Fulp & Kevin Shannon DATE: 12/22/2023 ADDRESS: 707 Wilshire Boulevard MARKET: Los Angeles ASSET TYPE: Office BUYER: Carolwood LP - Adam Rubin, Andrew Shanfeld, Daniel Abrams & Adam Tischer SELLER: Shorenstein Properties BUYER'S REP: Sean Fulp (@SeanaFulp) - Colliers (@ColliersInternational) SELLER'S REP: Kevin Shannon - Newmark SALE PRICE: $147,800,000 SF: 1,133,121 ~ PPSF: $130

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$7,882,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$525,102.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$700,647.40
Annual Debt Service$8,407,768.85