NantWorks Buys Office Building From Montana Avenue Capital Partners In El Segundo For $25M

The property involved in the transaction is an 84,000-square-foot office building located at 1940 East Mariposa Avenue in El Segundo. The sale price for this asset was $25,000,000, resulting in a price per square foot of $298.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $25,000,000
• Buyer: Patrick Soon-Shiong - NantWorks
• Seller: Jeremy Rogers - Montana Avenue Capital Partners
• Market: El Segundo

NantWorks, led by Patrick Soon-Shiong, acquired the office building in El Segundo at a 5 percent discount from its 2020 purchase price. The firm has shown a significant interest in the area, investing over $244 million, with a focus on El Segundo and Redondo Beach. This purchase reflects a market trend with fewer transactions and institutional buyers in the region.