Updated Dec 5, 2024
Goldman Sachs Acquires Terrace Building In Westwood For $93M
1640 South Sepulveda Boulevard, Westwood, Los Angeles, CA, USA
$93,000,000
$563/SF
Building Size
165,000 SF
Asset Type
Other
Closing
Aug 19, 2018
About this deal
AI
The terrace building located at 1640 S. Sepulveda Blvd. in Westwood, LA has been sold for $93,000,000. The property spans 165,000 square feet with a price per square foot of $563. The sale took place on 08/20/2018.
Summary of transaction details
- Property Type: Terrace building
- Transaction Amount: $93,000,000
- Address: 1640 S. Sepulveda Blvd.
- Market: Westwood
- City: LA
- Square Footage: 165,000
- Price per Square Foot: $563
The buyer of this property is Goldman Sachs Group Inc., while the sellers are Ocean West Capital Partners and Westbrook Partners of New York. Lloyd Blankfein, Sush Torgalkar, and Russ Allegrette were present in the transaction. It's worth noting that the property is situated a short distance east of the 405 freeway. The building was constructed in 1988 and was previously sold in 2013 for $54 million, according to CoStar Group Inc.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93