SteelWave Acquires Office Building In Los Angeles For $80M
500 & 540 South Santa Fe Avenue
Office
150,451 SF
150,451 SF
Sold 1 year ago
Summary
The office property located at 500 & 540 South Santa Fe Avenue in Los Angeles has been sold in a transaction that took place on May 20, 2021. The property, spanning a total area of 150,451 square feet, was acquired by SteelWave, represented by Barry DiRaimondo, from CEG Construction, represented by Trace Chalmers. The sale price for this transaction was $80,000,000, resulting in a price per square foot of $531.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $80,000,000
- Address: 500 & 540 South Santa Fe Avenue, Los Angeles
- Buyer: SteelWave - Barry DiRaimondo
- Seller: CEG Construction - Trace Chalmers
- Brokers: Mike Condon Jr., Steve Marcussen, Erica Finck & Bailey Dawson - Cushman & Wakefield
The deal was facilitated by brokers Mike Condon Jr., Steve Marcussen, Erica Finck, and Bailey Dawson from Cushman & Wakefield. Their expertise played a crucial role in the successful completion of this transaction.
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500 & 540 South Santa Fe Avenue
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