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
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