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222 W 6th St, San Pedro, CA...

Harbor Associates Acquires Office Building In San Pedro For $43.5M
SOLDOffice

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

Ken White

Newmark

Broker

$6.1B

vol

96 deals

Broker
Harbor Associates
Harbor AssociatesBuyer

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