Updated Oct 29, 2024
Hackman Capital Partners Acquires CBS Television City For $750M
Los Angeles, CA, USA
$750,000,000
$961/SF
Building Size
780,000 SF
Asset Type
Office
Closing
Dec 17, 2018
About this deal
AI
Joseph Ianniello and Michael Hackman were involved in the sale of CBS Television City for an impressive price of $750,000,000. The property spans a vast area of 780,000 square feet, resulting in a price per square foot of $961.
Summary of transation details
- Property Type: Sale
- Transaction Amount: $750,000,000
- Square Footage: 780,000
- Price Per Square Foot: $961
- Buyer: Hackman Capital Partners
- Seller: CBS Television City
- Date: 12/17/2018
Hackman Capital Partners successfully acquired CBS Television City in this notable transaction. This purchase marks a significant milestone for both parties involved.
Players
Los Angeles Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93