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
El Segundo Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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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