Updated Dec 21, 2023
Steve Ballmer Acquires Arena In Inglewood For $400M From Madison Square Garden Company
3900 West Manchester Boulevard, Inglewood, CA 90305, USA
$400,000,000
$1,142/SF
Building Size
350,000 SF
Asset Type
Retail
Closing
Mar 23, 2020
About this deal
AI
The sale of a property asset in Inglewood has been completed on 03/24/2020. The property, located at 3900 W Manchester Blvd, is an arena with a total area of 350,000 square feet. The transaction was valued at $400,000,000, resulting in a price per square foot of $1,142. The buyer of the property is Steve Ballmer, while the seller is the Madison Square Garden Company.
Summary of transaction details
- Property Type: Arena
- Transaction Amount: $400,000,000
- Address: 3900 W Manchester Blvd
- Market: Inglewood
Notable individuals involved in the transaction include Steve Ballmer as the buyer and the Madison Square Garden Company as the seller.
Players
Inglewood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93