Vella Group Acquires El Segundo Campus For $50.8M
650-700 North Pacific Coast Highway, El Segundo, CA, USA
$50,800,000
$254/SF
Building Size
200,000 SF
Asset Type
Other
Closing
Jul 17, 2019
AI
The sale transaction of a campus asset located at 650-700 Pacific Coast Hwy in El Segundo has been completed. The property spans over 200,000 square feet and is situated in the El Segundo market.
Summary of transaction details:
- Property Type: Campus
- Transaction Amount: $50,800,000
- Price per Square Foot: $255
- Date: 07/18/2019
The buyer of this property is the Vella Group. The transaction was facilitated by brokers Kevin Shannon, Ken White, Michael Moore from Newmark Knight Frank, and Bill Bloodgood from CBRE.
Players
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93