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2210 E Maple Ave, El Segund...

Private Investor Acquires El Segundo Office Building From Five Amigos For $11.2M
SOLDOffice

Private Investor Acquires El Segundo Office Building From Five Amigos For $11.2M

2210 E Maple Ave, El Segundo, CA, 90...

$11,200,000

$711/SF

Building Size

15,743 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The creative office property located at 2210-2218 E. Maple Ave. in El Segundo, California, was sold for $11.2 million. The 15,743-square-foot building features two roll-up doors with private patios, two balconies with accordion sliding glass doors, abundant windows and skylights, and ample parking. Tecolote Research and Goodlife Physical Medicine fully occupy the property, which was built in 2015. The asset is part of the Evelon Campus, a 46.5-acre, 15-building development offering office, retail, and hospitality space, as well as athletic fields.

Summary of transaction details:

Five Amigos, a partnership consisting of former owner-users and Australia-based investors, were the sellers of the property. The buyer, a Los Angeles-based private investor, acquired the asset. The seller's representatives were Neil Resnick of Avison Young and Martin McDermott of Method Commercial. The buyer in this transaction was self-represented.

Players

Martin Mcdermott

JF Real Estate

Broker

$12.5M

vol

2 deals

Broker

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

1.42%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93