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444 N Nash St, El Segundo, ...

Updated Oct 29, 2024

Avner Papouchado, Jim Shanahan & Kevin Dillard Acquire Office Building In El Segundo For $71M
SOLDOffice

Avner Papouchado, Jim Shanahan & Kevin Dillard Acquire Office Building In El Segundo For $71M

444 N Nash St, El Segundo, CA, USA

$71,000,000

$604/SF

Building Size

117,500 SF

Asset Type

Office

Closing

Apr 20, 2021

About this deal

AI

The office property located at 444 N. Nash St. in El Segundo has been sold in a transaction. The property, with a size of 117,500 square feet, was purchased by Avner Papouchado, Jim Shanahan, and Kevin Dillard, who are associated with Serverfarm and NantWorks. The seller of the property was T5 Data Centers. The transaction was facilitated by Transwestern, acting as the buyer's representative.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $71,000,000
  • Address: 444 N. Nash St.
  • Market: El Segundo
  • Buyer: Avner Papouchado, Jim Shanahan & Kevin Dillard - Serverfarm & NantWorks
  • Seller: T5 Data Centers
  • Buyer's Representative: Transwestern
  • Square Footage: 117,500
  • Price per Square Foot: $604

Avner Papouchado, Jim Shanahan, and Kevin Dillard, representing Serverfarm and NantWorks, successfully acquired the office property at 444 N. Nash St. in El Segundo from T5 Data Centers for a total price of $71,000,000. Transwestern served as the buyer's representative in this transaction.

Players

El Segundo Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $604 per square foot on a published $71M for 117,500 square feet (2021).

Browse California office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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