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600 Technology Drive, Palmd...

Greenlaw Partners Purchases $15M Office Property In Palmdale From Sinclair Printing
SOLDOffice

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

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.

Players

Dennis Marciniak

Daum Commercial Real Estate Services

Broker

$18.8M

vol

2 deals

Broker
Greenlaw Partners
Greenlaw PartnersBuyer

Palmdale Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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