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Nome Ventures Acquires Cerritos Office Property For $44M

Property Image
SOLD
$44,000,000

California

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Office170,977 SF
Sold 07/28/2020
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Property Image
SOLD

Nome Ventures Acquires Cerritos Office Property For $44M

17777 Center Ct Dr N, Cerritos, CA 90703, USA

See Similar Deals
Office170,977 SF
Sold 07/28/2020
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$257
Total Square Footage:170,977 SF
Transaction Type:Sale

The property involved in this closed transaction is an office located at 17777 Center Court Drive in Cerritos. The property spans 170,977 square feet and was sold for a price of $44,000,000, resulting in a price per square foot of $257.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $44,000,000
  • Address: 17777 Center Court Drive
  • Market: Cerritos

The buyer in this transaction is Nome Ventures, while the seller is the Blackstone Group represented by Jon Gray, Stephen Schwarzman, Kathleen McСarthy, and Ken Caplan. Greg Grant from CBRE served as the broker in this deal.

Players

Greg Grant
Re/Max
Greg Grant
5 deals$366.3M volume(519) 426-0081
BROKER
NV
Nome Ventures
BUYER

Details

SOLD
IMAGE: IMAGE: Stephen Schwarzman, Kathleen McСarthy, Jon Gray, Ken Caplan & Greg Grant DATE: 07/28/2020 ADDRESS: 17777 Center Court Drive MARKET: Cerritos ASSET TYPE: Office PRICE: $44,000,000 SF: 170,977 PPSF: $257 BUYER: Nome Ventures SELLER: Blackstone Group – Jon Gray, Stephen Schwarzman, Kathleen McСarthy, Ken Caplan BROKER: Greg Grant – CBRE

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$156,322.70
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