$52 Million Sale Of 157225 SF Property At 2300 E Imperial Ave In El Segundo By Seller's Rep Chris Sinfield
SOLD
$52,000,000
California
See Similar DealsOffice157,225 SF
Sold 03/07/2017
SOLD
$52 Million Sale Of 157225 SF Property At 2300 E Imperial Ave In El Segundo By Seller's Rep Chris Sinfield
2300 E Imperial Ave, El Segundo, CA...
See Similar DealsOffice157,225 SF
Sold 03/07/2017
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$330
Total Square Footage:157,225 SF
Transaction Type:Sale
The property asset involved in this transaction is a vacant, seven-story, Class-A building located at 2300 East Imperial Ave, El Segundo, CA. It has a total square footage of 157,225, and the sale price was set at $52,000,000. The building is situated on 4.57 acres and was constructed 53 years ago, with renovations completed in 2000 that included updates to common areas and the addition of a parking structure.
Summary of transaction details:
- Property Type: Building
- Transaction Amount: $52,000,000
- Address: 2300 E Imperial Ave, El Segundo, CA
- Market: El Segundo
- Square Footage: 157,225
- Seller: V.C.I. Corp.
- Seller's Representative: Chris Sinfield (Cushman & Wakefield)
Cushman & Wakefield's senior directors Chris Sinfield and Tom Sheets represented the seller in this off-market deal. The transaction highlights the involvement of qualified professionals in orchestrating the sale of the property.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,773,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35
Is there something missing? Send suggestions