Updated Oct 29, 2024
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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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