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:
- Property Type: Office
- Transaction Amount: $11,200,000.00
- Address: 2210 E Maple Ave, El Segundo, CA, 90...
- Market: El Segundo
- Seller's Rep: Martin Mcdermott(JF Real Estate), Neil Resnick(Avison Young)
- Buyer: Private Investor
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
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