1733 Ocean Avenue Properties, LLC Acquires El Segundo Office Building For $13.4M

The office building located at 12000-12008 Aviation Boulevard in El Segundo has been sold for a price of $13,400,000. The property spans a total area of 49,632 square feet, resulting in a price per square foot of $269.99. With a capitalization rate (CAP) of 4.8%, this transaction represents a valuable investment opportunity. The buyer of the property is 1733 Ocean Avenue Properties, LLC, while the seller is 12008 Aviation Partners, LP. The deal was facilitated by T.C. Macker, William B. Althouse, and Jennifer Moscoso from WESTMAC Commercial Brokerage Company.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $13,400,000
• Address: 12000-12008 Aviation Boulevard
• Market: El Segundo
• Square Footage: 49,632
• Price per Square Foot: $269.99
• Capitalization Rate: 4.8%
• Buyer: 1733 Ocean Avenue Properties, LLC
• Seller: 12008 Aviation Partners, LP
• Brokers: T.C. Macker, William B. Althouse, Jennifer Moscoso – WESTMAC Commercial Brokerage Company

This transaction was completed within a 90-day escrow period. It's worth mentioning that the office building is fully leased to a single tenant, further adding to its appeal as a lucrative investment opportunity.