Updated Oct 29, 2024
Heitman Acquires Playa Vista Campus In LA For $335M
12045 Waterfront Drive, Playa Vista, Los Angeles, CA, USA
$335,000,000
$1,030/SF
Building Size
325,000 SF
Asset Type
Other
Closing
Oct 8, 2018
About this deal
AI
An office campus located at 12045 Waterfront Dr. in Playa Vista, Los Angeles, has been sold for a staggering price of $335,000,000. Covering a total area of 325,000 square feet, the property was purchased by Heitman, a real estate investment management firm. The sale took place on October 9, 2018, and the asset was sold by Hines.
Summary of transaction details:
- Property Type: Campus
- Transaction Amount: $335,000,000
- Address: 12045 Waterfront Dr., Playa Vista, LA
- Market: Playa Vista
- City: Los Angeles
- Square Footage: 325,000 SF
Maury Tognarelli and Jeffrey Hines were the key individuals involved in the transaction. Tognarelli and Hines played instrumental roles representing the buyer and seller, respectively.
Playa Vista Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93