Updated Oct 29, 2024
Redwood Partners Acquires Office Building In Downtown Long Beach For $60.5M
100 West Broadway, Long Beach, CA, USA
$60,500,000
$287/SF
Building Size
210,428 SF
Asset Type
Office
Closing
Nov 14, 2018
About this deal
AI
100 West Broadway in Downtown Long Beach has been sold for $60,500,000. This office property spans across 210,428 square feet and was sold at a price of $287 per square foot. The transaction took place on November 15, 2018.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $60,500,000
- Address: 100 West Broadway, Downtown Long Beach
- Market: Downtown Long Beach
- Square Footage: 210,428
- Price per Square Foot: $287
The buyer of 100 West Broadway is Redwood Partners, represented by Bob Safai. The seller is @NewmarkKF. The brokers involved in the deal were Rob Hannan, Kevin Shannon, Ken White, Laura Stumm, and Michael Moll.
Players
Long Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93