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317 Rosecrans Ave, Manhatta...

The Ryan Law Group Acquires Office Building For $4.5M In Manhattan Beach
SOLDOffice

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

J. Patrick Sheekey

Highland Partners

Broker

$30.9M

vol

6 deals

Broker

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