Updated Sep 11, 2026
Majestic Asset Management Acquires Office Building In El Monte, CA For $73M
9320 Telstar Ave
$73,000,000
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
The property asset involved in this transaction is an office space located at 9320 Telstar Ave in El Monte, CA. The sale was completed for a total amount of $73,000,000, translating to approximately $293 per square foot over a total area of 248,961 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $73,000,000
- Address: 9320 Telstar Ave
- Market: El Monte, CA
- Sale Price Per Square Foot: $293
- Square Footage: 248,961
- Buyer: Majestic Asset Management
- Seller: Rising Realty Partners
- Broker: Michael Longo, Todd Tydlaska, Sean Sullivan, Darla Longo, Will Pike, Melissa Moock, Anthony DeLorenzo & Mark Shaffer - CBRE
Key individuals and companies involved in the deal include Majestic Asset Management as the buyer and Rising Realty Partners as the seller. The transaction was brokered by a team from CBRE, consisting of multiple representatives, indicating a collaborative effort in facilitating this sale.
Players
El Monte CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93