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2230 E Imperial Hwy, El Seg...

Swift Real Estate Partners Acquires Property From GI Partners In El Segundo For $167.5M
SOLD

Swift Real Estate Partners Acquires Property From GI Partners In El Segundo For $167.5M

2230 E Imperial Hwy, El Segundo, CA...

$167,500,000

$305/SF

Building Size

549,222 SF

Asset Type

Closing

Nov 20, 2023

AI

The property located at 2230 E Imperial Hwy, El Segundo, CA, is a commercial asset encompassing a total area of 549,222 square feet. The transaction was valued at $167,500,000.00 within the El Segundo market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $167,500,000.00
  • Address: 2230 E Imperial Hwy, El Segundo, CA
  • Market: El Segundo
  • Seller: GI Partners
  • Buyer: Swift Real Estate Partners
  • Seller's Representative: Kristen Bowman (Colliers International)

In this transaction, the seller, GI Partners, successfully engaged Swift Real Estate Partners as the buyer. Kristen Bowman from Colliers International represented the seller in this deal, ensuring a smooth negotiation process between the parties involved.

Players

Michael Longo

CBRE

Broker

$1.9B

vol

32 deals

Broker
Swift Real Estate Partners
Swift Real Estate PartnersBuyer
GI Partners
GI PartnersSeller

El Segundo CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93