Greenlaw Partners Purchases $15M Office Property In Palmdale From Sinclair Printing
SOLD
$15,000,000
California
See Similar DealsOffice130,392 SF
Sold 03/09/2020
SOLD
Greenlaw Partners Purchases $15M Office Property In Palmdale From Sinclair Printing
600 Technology Drive, Palmdale, CA 93551, USA
See Similar DealsOffice130,392 SF
Sold 03/09/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$115
Total Square Footage:130,392 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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