Matthew Stevens Of Bay Club Cos. Acquires Mixed-Use Campus In El Segundo For $42M
2250 Park Place
$42,000,000
$400/SF
Building Size
105,000 SF
Asset Type
Mixed-use
Closing
Jun 10, 2026
AI
The property asset located at 2250 Park Place in El Segundo, CA encompasses a mixed-use development covering 5.4 acres. The transaction was executed for a price of $42,000,000, with a total square footage of 105,000. The price per square foot stands at $400.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $42,000,000
- Address: 2250 Park Place
- Market: El Segundo, CA
- Asset Size: 5.4 acres
- Square Footage: 105,000
- Price per Square Foot: $400
- Buyer: Matthew Stevens - Bay Club Cos.
- Seller: Richard Lundquist - Continental Development Corporation
The Bay Club Company enhances its real estate portfolio with this acquisition, having previously obtained one of the two buildings under a long-term lease structure in 2017. This purchase consolidates Bay Club’s ownership of the entire campus and further establishes its presence across California’s real estate landscape, particularly in Los Angeles and San Francisco.
Players
Plasse Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93