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
El Segundo Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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