Updated Oct 29, 2024
Nome Ventures Acquires Cerritos Office Property For $44M
17777 Center Ct Dr N, Cerritos, CA 90703, USA
$44,000,000
$257/SF
Building Size
170,977 SF
Asset Type
Office
Closing
Jul 27, 2020
About this deal
AI
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.
On the Map
$44,000,000
$257/SF
Office
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Players
Cerritos 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93