The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 18, 2018
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
El Segundo Office Property Trades for $117 Mil

12/14/17

In a record-setting office buy in LA’s South Bay, Deutsche Asset & Wealth Management has purchased Campus 2100, a Class A, creative office campus in El Segundo. The 203.9k sf asset was sold by Rockwood Capital, along with Marshall Property and Development, for $117.1 mil. We’re told that this transaction, at $575/sf, represents the second highest per square foot for an office sale in El Segundo.

Built in 1981, Campus 2100 is located at 2100 to 2150 East Grand Ave, east of Sepulveda Blvd and south of the105 Fwy. The 94% occupied property recently underwent a high-profile creative conversion led by architect HLW encompassing sought-after tenant amenities.

The property features a garden area with public conference/kitchen bistro, along with common area seating and bocce ball court. Campus 2100 is currently leased to 11 high-profile tenants across a diverse selection of industries.

NKF Capital Markets West Coast President Kevin Shannon, Executive Managing Director Ken White, Senior Managing Director Rob Hannan, and Managing Directors Michael Moll and Laura Stumm represented the seller in the transaction. NKF Capital Markets also established the highest price per square foot for an office sale in the area 18 months ago with the sale of Apollo at Rosecrans at $608 per square foot.

“El Segundo has truly evolved into a lower Westside office market with rents surging 17% in asking rates over the last 24 months. The city continues to benefit from the explosive growth of Silicon Beach, providing tenants an additional alternative to Playa Vista and Santa Monica and further underscoring the record price for this campus,” said Shannon. “The property’s strong in-place cash flow provides long-term upside with a weighted average remaining lease term of approximately 5.5 years and in-place rents that are more than 15 percent below current market rates.”

Campus 2100 is located along one of the most sought after coastal areas of California. The location and its tenants benefit from access to the Metro Green Line along with close proximity to the 405, 105, 110, 710 and 91 freeways.







Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media