Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires El Segundo Office Building For $72.5M
1990 E Grand Ave, El Segundo, California, USA
$72,520,000
$704/SF
Building Size
103,000 SF
Asset Type
Office
Closing
Nov 21, 2021
About this deal
AI
The office building located at 1990 E Grand Ave in El Segundo, CA has been sold in a transaction that closed on November 22, 2021. The property spans 103,000 square feet and was sold for a total price of $72,520,000, resulting in a price per square foot of $704.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $72,520,000
- Square Footage: 103,000
- Price Per Square Foot: $704
- Address: 1990 E Grand Ave, El Segundo, CA
- Market: El Segundo, CA
The sale of this office building in El Segundo was represented by the respective agents involved in the deal.
Players
El Segundo 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93