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Diamond Realty Holdings Acquires 14.4K SF Office Building In El Segundo For $6.05M
SOLD
$6,050,000
+ 1
California
See Similar DealsOffice14,400 SF
Sold 06/06/2023
SOLD
Diamond Realty Holdings Acquires 14.4K SF Office Building In El Segundo For $6.05M
600 Lairport St El Segundo, CA 90245, USA
See Similar DealsOffice14,400 SF
Sold 06/06/2023
+ 1
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$420
Total Square Footage:14,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$322,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,494.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,680.09
Annual Debt Service$344,161.04
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