Updated Mar 11, 2025
Goldman Sachs & Lincoln Property Company Acquire Office Building In Hollywood Media District For $186M
959 Seward Street
$186,000,000
$761/SF
Building Size
244,329 SF
Asset Type
Office
Closing
Mar 12, 2020
About this deal
AI
Goldman Sachs and Lincoln Property Company have jointly acquired an office property located at 959 Seward Street in the Hollywood Media District. This transaction took place on December 30, 2020.
Summary of Transaction Details:
- Property Type: Office
- Transaction Amount: $186,000,000
- Address: 959 Seward Street
- Market: Hollywood Media District
- Square Footage: 244,329
- Price Per Square Foot: $761
The acquisition was a joint venture between Goldman Sachs and Lincoln Property Company. This deal marks an important milestone for both companies as they expand their portfolio in the Hollywood Media District.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93