The Ryan Law Group Acquires Office Building For $4.5M In Manhattan Beach
317 Rosecrans Ave, Manhattan Beach, CA 90266, USA
$4,500,000
$946/SF
Building Size
4,757 SF
Asset Type
Office
Closing
Jul 2, 2020
AI
Located at 317 Rosecrans Ave in Manhattan Beach, this office property recently changed hands in a closed transaction. The property spans across 4,757 square feet and was sold for $4,500,000, resulting in a price per square foot of $945.97.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,500,000
- Address: 317 Rosecrans Ave, Manhattan Beach
- Market: Manhattan Beach
- Square Footage: 4,757
- Seller's Rep: Mark Ehlers – Imperial Real Estate @AcquireAnEmpire
- Buyer: The Ryan Law Group
- Buyer's Rep: J. Patrick Sheekey @WestMac_CRE @SheekeyCRE
The buyer in this transaction was The Ryan Law Group, while the seller was represented by Mark Ehlers from Imperial Real Estate, who can be contacted at @AcquireAnEmpire. On the other hand, J. Patrick Sheekey, affiliated with @WestMac_CRE and @SheekeyCRE, represented the buyer in this deal.
Players
Manhattan Beach 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93