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

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SOLD
$30,000,000

California

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Office219,000 SF
Sold 08/22/2019
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Property Image
SOLD

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

2947 Bradley Street, Pasadena, CA 91107, USA

See Similar Deals
Office219,000 SF
Sold 08/22/2019
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$137
Total Square Footage:219,000 SF
Transaction Type:Sale

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
15 deals$1B volume
BROKER

Matt McRoskey
JLL
9 deals$682.4M volume
BROKER

BUYER

Details

SOLD
IMAGE: Andrew Harper & Matt McRoskey DATE: 08/22/2019 ADDRESS: 2947 Bradley St MARKET: Pasadena ASSET TYPE: Office PRICE: $30,000,000 SF: 219,000 PPSF: $136 SELLER: Hudson Americas BUYER: Graymark Capital Inc. & Eightfold Real Estate Capital BROKERS: Andrew Harper, Matt McRoskey - HFF

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,583.66
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