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219 W Grand Ave, El Segundo...

BottleKeeper Leases 3722 Square Feet At 219 W Grand Ave El Segundo From The Ruane Group
LEASEDRetail

BottleKeeper Leases 3722 Square Feet At 219 W Grand Ave El Segundo From The Ruane Group

219 W Grand Ave, El Segundo, CA, 90...

Building Size

3,722 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property located at 219 W Grand Ave, El Segundo, CA encompasses a total area of 3,722 square feet. It is situated in the El Segundo market and is associated with the landlord, The Ruane Group, and the tenant, BottleKeeper.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not available
  • Address: 219 W Grand Ave, El Segundo, CA
  • Market: El Segundo
  • Square Feet: 3,722
  • Tenant: BottleKeeper
  • Landlord: The Ruane Group
  • Tenant's Representative: Erik Stiebel - Avison Young
  • Landlord's Representative: Matt Crabbs - RE/MAX

Erik Stiebel of Avison Young represented the tenant, BottleKeeper, while Matt Crabbs of RE/MAX represented the landlord, The Ruane Group, in this lease transaction.

Players

Erik Stiebel

Commercial Real Estate Advisors (CREA)

Broker

1 deal

Broker
Avison Young
Avison YoungBrokerage

El Segundo Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93