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2947 Bradley Street, Pasade...

Graymark Capital Inc. And Eightfold Real Estate Capital Acquire $30M Office Building On Bradley St In Pasadena
SOLDOffice

Graymark Capital Inc. And Eightfold Real Estate Capital Acquire $30M Office Building On Bradley St In Pasadena

2947 Bradley Street, Pasadena, CA 91107, USA

$30,000,000

$137/SF

Building Size

219,000 SF

Asset Type

Office

Closing

Aug 21, 2019

AI

Located in Pasadena, the office building at 2947 Bradley St has been sold in a closed transaction. The property spans an area of 219,000 square feet and was purchased for a price of $30,000,000, translating to a price per square foot of $136. The seller, Hudson Americas, completed the sale to the buyers Graymark Capital Inc. and Eightfold Real Estate Capital. The transaction was facilitated by Andrew Harper and Matt McRoskey of HFF, serving as brokers for both the buyer and seller.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $30,000,000
  • Address: 2947 Bradley St, Pasadena
  • Market: Pasadena
  • Square Footage: 219,000
  • Price per Square Foot: $136
  • Seller: Hudson Americas
  • Buyer: Graymark Capital Inc. & Eightfold Real Estate Capital
  • Brokers: Andrew Harper, Matt McRoskey - HFF

The successful transaction of the office building at 2947 Bradley St in Pasadena was made possible by the involvement of brokers Andrew Harper and Matt McRoskey, representing both the buyer and seller. This deal marks a significant investment opportunity for Graymark Capital Inc. and Eightfold Real Estate Capital, allowing them to expand their portfolio in the Pasadena market.

Players

Andrew Harper

JLL

Broker

$1B

vol

15 deals

Broker
EC
Eightfold Real Estate CapitalBuyer

Pasadena Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93