Updated Oct 29, 2024
NantWorks Acquires Warehouse In El Segundo For $50M
2310 East Imperial Highway, El Segundo, CA, USA
$50,000,000
$596/SF
Building Size
83,800 SF
Asset Type
Other
Closing
Jul 5, 2018
About this deal
AI
On July 6, 2018, the property located at 2310 E. Imperial Highway in El Segundo, LA was sold for a total price of $50,000,000. The asset is a warehouse situated on a 10-acre plot of land in the El Segundo market. The selling price equates to approximately $114 per square foot.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $50,000,000
- Address: 2310 E. Imperial Highway, El Segundo, LA
- Market: El Segundo
The buyer of the property was NantWorks, while the sellers were Imperial Hornet Developers LLC, Thomas Shapiro, and Maury Rice. Patrick Soon-Shiong is depicted in the provided image relating to the transaction.
In an e-mailed statement, NantWorks spokesman Henry Jackson revealed that Soon-Shiong plans to develop a 10-acre campus in El Segundo. This campus will serve as a hub and event center for The Times, showcasing its future vision.
El Segundo Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93