facebook

traded

+ Submit
Home

/

Deals

/

California

/

Medical Office

/

Loan

/

601 Hawaii Street

G&N Management Secures $15.3 Million Refinance Loan For El Segundo Medical Office
FINANCEDMedical Office

G&N Management Secures $15.3 Million Refinance Loan For El Segundo Medical Office

601 Hawaii Street

$15,300,000

$300/SF

Building Size

51,000 SF

Asset Type

Medical Office

Closing

Nov 16, 2023

AI

A medical office building located at 601 Hawaii Street in El Segundo, California has been refinanced with a loan amount of $15.3 million. The property, totaling 51,000 square feet, is owned by G&N Management and fully leased to DaVita. The refinance was secured by Gantry, with Deutsche Bank providing a five-year, fixed-rate mortgage with interest-only terms.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $15,300,000
  • Address: 601 Hawaii Street
  • Market: El Segundo
  • Lender: Deutsche Bank
  • Landlord: G&N Management
  • Brokers: Alicia Sabanero, Amit Tyagi & Mark Ritchie - Gantry

Gantry, represented by Alicia Sabanero, Amit Tyagi, and Mark Ritchie from Gantry, successfully secured the $15.3 million loan for the medical office property in El Segundo, California.

Players

Mark Ritchie

Gantry

Broker

$179.8M

vol

6 deals

Broker
Deutsche Bank
Deutsche BankLender

El Segundo Medical Office Market Snapshot

Boundary boundary · Medical Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93