Live Oak Properties buys El Segundo office for $52M

The building sold for more than twice the price of its last trade

TRD LOS ANGELES /
Feb.February 22, 2017 04:28 PM

Developer Live Oak Properties purchased a seven-story El Segundo office building for $52 million — more than twice the price of its last trade — Real Capital Analytics shows.

It paid the seller, V.C.I. Corporation, $331 a square foot for the property. Neither the buyer nor the seller could be reached for comment. 

The 157,225-square-foot building sits on 4.57 acres and was built in 1964, according to property records.

It was renovated in 2000, with new common areas and parking structure, according to a previous listing.

The office property at 2300 E. Imperial Highway was sold vacant, according to a leasing listing from Cushman & Wakefield.

V.C.I. Corporation purchased the property in 2011 for $25.4 million, or $162 a square foot.


Related Articles

arrow_forward_ios
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
Boston Properties CEO Owen D. Thomas and the project site (Credit: Google Maps)

Boston Properties invests in El Segundo media campus project

Boston Properties invests in El Segundo media campus project
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Garcetti orders a moratorium on commercial evictions in LA
1960 Grand

Starwood, Artisan pay $127M for El Segundo building

Starwood, Artisan pay $127M for El Segundo building
LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!
From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Rexford Industrial adds to LA portfolio with $100M in acquisitions
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...