Atlas Capital Group Acquires Office Campus In El Segundo For $39M
2030 East Maple Avenue, El Segundo, CA 90245, USA
$39,000,000
$382/SF
Building Size
102,000 SF
Asset Type
Office
Closing
Jul 22, 2018
AI
The office campus located at 2030 E. Maple Avenue in El Segundo, LA, has been sold in a closed transaction for a price of $39,000,000. The property spans across a total area of 102,000 square feet, with a price per square foot of $382. The buyers of the property are Atlas Capital Group, while the sellers are SteelWave and Goldman Sachs.
Summary of transaction details
- Property Type: Office Campus
- Transaction Amount: $39,000,000
- Address: 2030 E. Maple Avenue, El Segundo, LA
- Market: El Segundo
The brokers involved in this transaction include Mike Condon Jr., Kelli Snyder, Brianna Demus, and Erica Finck. The sale, which took place on July 23, 2018, marks the interest of out-of-towners, like Atlas Capital Group, in the booming El Segundo market. Known for its appealing corporate tax rates and relatively low rents, the area has witnessed increased investment due to the influx of media and tech companies in recent years.
Players
El Segundo Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93