Updated Oct 28, 2024
Ocean West Capital Partners Acquires 5.1 Acres Industrial Property In El Segundo For $27M
1550 East Franklin Avenue, El Segundo, California 90245, United States
$27,000,000
$177/SF
Building Size
152,000 SF
Asset Type
Industrial
Closing
Mar 17, 2022
About this deal
AI
The industrial property located at 1550 E. Franklin Ave. in El Segundo has been sold for a total of $27,000,000. The transaction took place on 03/18/2022. The property spans across 5.1 acres and offers a total of 152,000 square feet. The price per square foot was calculated at $177. Ryan Tucker captured an image of the property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $27,000,000
- Address: 1550 E. Franklin Ave., El Segundo
- Market: El Segundo
- ACRES: 5.1
Ocean West Capital Partners, represented by Ryan Tucker and Barings, acquired the property. Barings was the buyer's representative in the deal.
Players
El Segundo Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93