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600 Lairport St El Segundo,...

Diamond Realty Holdings Acquires 14.4K SF Office Building In El Segundo For $6.05M
SOLDOffice

Diamond Realty Holdings Acquires 14.4K SF Office Building In El Segundo For $6.05M

600 Lairport St El Segundo, CA 90245, USA

$6,050,000

$420/SF

Building Size

14,400 SF

Asset Type

Office

Closing

Jun 6, 2023

AI

A 14,400-square-foot industrial flex/office building located at 600 Lairport Street in El Segundo, California, has been sold to Diamond Realty Holdings for $6.05 million. The property offers versatile usage potential and supports Diamond Realty Holdings' strategy of acquiring and improving industrial spaces for flexible purposes.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $6,050,000
  • Square Footage: 14,400
  • Price Per Square Foot: $420
  • Address: 600 Lairport Street, El Segundo, California
  • Market: El Segundo
  • Buyer: Diamond Realty Holdings - David Treinish
  • Brokers: Bob Healey, John Lane, Richard Melbye, and Jane Healey - CBRE

CBRE facilitated the transaction, arranging the sale of the property to Diamond Realty Holdings. The deal was executed by brokers Bob Healey, John Lane, Richard Melbye, and Jane Healey from CBRE.

Players

Richard Melbye

CBRE

Broker

$20M

vol

4 deals

Broker
DH
Diamond Realty HoldingsBuyer

Los Angeles 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

2.62%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93