Sandstone Capital Sells Office Building In El Segundo For $31M

A 55,000 square foot office property located at 2221 Park Pl in El Segundo has been sold. The transaction took place on April 9, 2019, for a price of $31,000,000. This amounts to a price per square foot of $563. The property was sold by Sandstone Capital.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $31,000,000
• Address: 2221 Park Pl, El Segundo
• Market: El Segundo
• Square Footage: 55,000

The sale of this office property was facilitated by the following brokers: Geoff Ludwig and Eric Lastition from Newmark Knight Frank, and Bob Safai, Matt Case, and Brad Schlaak from Madison Partners.