1000 Wilshire Boulevard

  • $196000000
  • ~ $411.8 PSF
1000 Wilshire Boulevard, Central LA, Los Angeles, CA, USA
Closed Deal Sold

1000 Wilshire Boulevard

1000 Wilshire Boulevard, Central LA, Los Angeles, CA, USA
  • $196000000
  • ~ $411.8 PSF
The Office property located in Los Angeles that spans 476,000 square feet sold for $196,000,000. The deal closed 45 months and 5 days ago. The brokers of the deal were Michael Moll, Brett Green, David Milestone, Kevin Shannon, Rob Hannan, Laura Stumm and Ken White

Building Info

  • Units:
  • Property Type: Office
  • Square Feet: 476000

Location

  • Address 1000 Wilshire Boulevard, Central LA, Los Angeles, CA, USA
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90017
  • Area Downtown Los Angeles
  • Country United States

Description

SALE
IMAGE: Steve Feinberg, Kevin Shannon and Tim Byrne
DATE: 03/01/18
ADDRESS: 1000 Wilshire Blvd.
CITY: Los Angeles
MARKET: Downtown LA
ASSET TYPE: Office

PRICE: $196,000,000
SF: 476,000 sf
PPSF: $415

SELLER: Lincoln Property Co. – Tim Byrne
BUYER: Cerberus Capital Management – Steve Feinberg
BROKERS: Kevin Shannon, NKF Capital Markets co-head of U.S. capital markets, Senior MD Rob Hannan, MD’s Laura Stumm and Michael Moll and Executive MD Ken White were the brokers who represented Lincoln Property Co. David Milestone, NKF Capital Markets executive MD and MD Brett Green procured new financing on behalf of Cerberus.

NOTE:Lincoln Property had purchased 1000 Wilshire for roughly $130 million, or $273 per square foot, in 2012 from a partnership of New York firms Lehman Bros. Holdings Inc. and Broadway Partners Fund Manager LLC.

Contact

Experts

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Senior Managing Director
Senior Managing Director
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Principal
Principal
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Co-Head of U.S. Capital Markets
Co-Head of U.S. Capital Markets
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Executive Managing Director
Executive Managing Director
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Senior Managing Director
Senior Managing Director
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Executive Managing Director
Executive Managing Director
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Senior Managing Director, Office Group Leader
Senior Managing Director, Office Group Leader
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Director
Director
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Managing Director, Capital Markets
Managing Director, Capital Markets
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Managing Director
Managing Director
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Managing Director
Managing Director
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Senior Managing Director
Senior Managing Director

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