Edward Roski & Reon Roski Of Majestic Realty Acquire Mixed-Use Asset In El Segundo For $27M

The mixed-use property located at 401 Coral Circle in El Segundo, CA, was sold for $27 million. It spans 57,000 square feet, resulting in a price per square foot of approximately $474. The asset is fully leased to Rivian through 2034, showcasing its strong leasing status.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $27,000,000
• Square Footage: 57,000
• Price per Square Foot: $474
• Buyer: Edward Roski & Reon Roski - Majestic Realty
• Seller: Michael Hackman - Hackman Capital Partners
• Broker: Newmark

Edward Roski Jr. and Reon Roski of Majestic Realty acquired the property from Michael Hackman of Hackman Capital Partners. This transaction marked a significant milestone for Hackman, who had purchased the asset for about $15 million nearly a decade ago, allowing for a strong exit strategy.