facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

2030 East Maple Avenue, El ...

Atlas Capital Group Acquires Office Campus In El Segundo For $39M
SOLDOffice

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

Erica Fink

Cushman & Wakefield

Broker

$61.3M

vol

3 deals

Broker
Atlas Capital Group
Atlas Capital GroupBuyer
Goldman Sachs
Goldman SachsSeller

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