Updated Oct 29, 2024
Ruth Group And Roxborough Group Acquire Office Property In South Bay For $106.2M
970 190th Street, Redondo Beach, CA, USA
$106,200,000
$239/SF
Building Size
444,000 SF
Asset Type
Office
Closing
Oct 21, 2018
About this deal
AI
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
Redondo Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse California office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93