Updated Oct 29, 2024
Greenlaw Partners Purchases $15M Office Property In Palmdale From Sinclair Printing
600 Technology Drive, Palmdale, CA 93551, USA
$15,000,000
$115/SF
Building Size
130,392 SF
Asset Type
Office
Closing
Mar 8, 2020
About this deal
AI
600 Technology Dr, an office property located in Palmdale, was recently sold in a closed transaction. The property spans a total of 130,392 square feet and was sold at a price of $15,000,000, resulting in a price per square foot of $115. The sale took place on March 9, 2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,000,000
- Square Footage: 130,392
- Price per Square Foot: $115
- Address: 600 Technology Dr, Palmdale
- Market: Palmdale
The buyer in this transaction was Greenlaw Partners, while the seller was Sinclair Printing. The deal was facilitated by Dennis Marciniak and Larry McEwan from DAUM Commercial Real Estate Services.
On the Map
$15,000,000
$115/SF
Office
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Players
Palmdale 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93