Harbor Associates Acquires Office Building In San Pedro For $43.5M
222 W 6th St, San Pedro, CA, USA
$43,500,000
$148/SF
Building Size
293,000 SF
Asset Type
Office
Closing
Oct 7, 2019
AI
Jupiter Holdings has sold an office property located at 222 W. 6th St in San Pedro to Harbor Associates. The transaction took place on October 8, 2019. The property, spanning 293,000 square feet, was sold for a price of $43,500,000, resulting in a price per square foot of $148.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $43,500,000
- Square Footage: 293,000
- Address: 222 W. 6th St, San Pedro
- Market: San Pedro
The sale of this office property was facilitated by Kevin Shannon, Ken White, and Scott Schumacher of Newmark Knight Frank, representing Jupiter Holdings. Harbor Associates acted as the buyer in this transaction.
Players
Los Angeles 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93