Updated Oct 13, 2026
TA Realty Acquires El Segundo Office Tower From VEREIT Inc. For $138.5M
101 Continental Blvd, El Segundo, CA, USA
$138,500,000
$407/SF
Building Size
340,000 SF
Asset Type
Office
Closing
Apr 30, 2019
About this deal
AI
TA Realty has acquired an office tower located at 101 Continental Blvd in El Segundo. The property, spanning 340,000 square feet, was sold by VEREIT Inc for a price of $138,500,000, resulting in a price per square foot of $407.
Summary of transation details
- Property Type: Office Tower
- Transaction Amount: $138,500,000
- Address: 101 Continental Blvd
- Market: El Segundo
The deal was facilitated by brokers Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, and Michael Moll from Newmark Knight Frank.
On the Map
$138,500,000
$407/SF
Office
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El Segundo 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93