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2201 Rosecrans Avenue

Deloitte Signs Long-Term Lease At 2201 Rosecrans Avenue In El Segundo For 81300 SF
LEASEDOffice

Deloitte Signs Long-Term Lease At 2201 Rosecrans Avenue In El Segundo For 81300 SF

2201 Rosecrans Avenue

Building Size

81,300 SF

Asset Type

Office

Closing

Feb 4, 2025

AI

The property involved in the transaction is an office space located at 2201 Rosecrans Avenue in El Segundo, comprising an area of 81,300 square feet. This asset is situated in a competitive market and serves as a significant location for its tenant.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2201 Rosecrans Avenue
  • Market: El Segundo
  • Landlord: Richard Lundquist - Continental Development
  • Tenant: Joe Ucuzoglu - Deloitte
  • Landlord's Representative: Bob Tarnofsky - Continental Development
  • Tenant's Representative: Bradley Gross - Cushman & Wakefield

Deloitte has signed a long-term lease for the office space, consolidating its regional headquarters while exiting its previous location in Downtown LA’s Gas Company Tower. The firm has negotiated a lease buyout with National Veterinary Associates, allowing it to transition from its existing 113,000 square foot premises, which remains leased until 2031.

Players

Bradley Gross

Cushman & Wakefield

Broker

1 deal

Broker

El Segundo Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93