Vella Group Acquires El Segundo Campus For $50.8M
SOLD
$50,800,000
California
See Similar DealsOther200,000 SF
Sold 07/18/2019
SOLD
Vella Group Acquires El Segundo Campus For $50.8M
650-700 North Pacific Coast Highway, El Segundo, CA, USA
See Similar DealsOther200,000 SF
Sold 07/18/2019
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$254
Total Square Footage:200,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,709,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$180,481.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$240,817.92
Annual Debt Service$2,889,815.00
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