Updated Oct 29, 2024
NantWorks Acquires Office Building In El Segundo For $19M
2200 E Grand Ave, El Segundo, CA, USA
$19,000,000
$575/SF
Building Size
33,000 SF
Asset Type
Office
Closing
Dec 9, 2019
About this deal
AI
The office property located at 2200 E. Grand Ave in El Segundo has been sold for $19,000,000. The transaction took place on 12/10/2019. The property spans approximately 33,000 square feet, making the price per square foot $575. The seller of the property was BLT Enterprises, while the buyer was NantWorks, represented by Patrick Soon-Shiong and Charles Kenworthy.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $19,000,000
- Square Footage: 33,000
- Address: 2200 E. Grand Ave
- Market: El Segundo
Patrick Soon-Shiong of NantWorks and Charles Kenworthy were the individuals involved in the deal representing the buyer. They successfully acquired the office property from BLT Enterprises for a significant amount, showcasing their interest in the El Segundo market.
Players
El Segundo Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse California office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93