Atlantic Pearl Investments Sells Office Property In Long Beach For $16M With Brokers Sean Fulp, Ryan Plummer, Mark Schuessler, Ryan Tetrault
1501 Hughes Way, Long Beach, CA 90810, USA
$16,000,000
$20/SF
Building Size
784,040 SF
Asset Type
Office
Closing
Jul 28, 2020
AI
The office property located at 1501 Hughes Way in Long Beach has been sold in a closed transaction. The property offers 78,404 square feet of space and was sold for a price of $16,000,000, resulting in a price per square foot of $204. The seller of the property was Atlantic Pearl Investments.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,000,000
Sean Fulp, Ryan Plummer, Mark Schuessler, and Ryan Tetrault from DataToDeals represented the seller, Atlantic Pearl Investments, in this transaction.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93