Ruth Group And Roxborough Group Acquire Office Property In South Bay For $106.2M
SOLD
$106,200,000
California
See Similar DealsOffice444,000 SF
Sold 10/22/2018
SOLD
Ruth Group And Roxborough Group Acquire Office Property In South Bay For $106.2M
970 190th Street, Redondo Beach, CA, USA
See Similar DealsOffice444,000 SF
Sold 10/22/2018
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$239
Total Square Footage:444,000 SF
Transaction Type:Sale
A 444,000 square foot office property located at 970 190th St in the South Bay market has been sold for a price of $106,200,000. The price per square foot for this transaction was $239. The buyer of this property is a joint venture between Ruth Group and Roxborough Group, while the seller is Newmark Knight Frank.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $106,200,000
- Square Footage: 444,000
- Price per Square Foot: $239
- Address: 970 190th St
- Market: South Bay
This transaction involved the following companies and individuals: Ruth Group, Roxborough Group as the buyers, and Newmark Knight Frank as the seller.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,664,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$377,306.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$503,442.18
Annual Debt Service$6,041,306.17
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