El Segundo Rivian R&D Facility Acquired for $27.25M
Newmark arranged the $27.25 million sale of 401 Coral Circle, a 56,815-square-foot R&D office facility located in El Segundo, California. The property is 100% leased on a triple-net (NNN) basis to Rivian. The buyer was Majestic Realty. Newmark’s Kevin Shannon, Rob Hannan, Ken…
Newmark arranged the $27.25 million sale of 401 Coral Circle, a 56,815-square-foot R&D office facility located in El Segundo, California. The property is 100% leased on a triple-net (NNN) basis to Rivian. The buyer was Majestic Realty. Newmark’s Kevin Shannon, Rob Hannan, Ken…
BELLINGS Intelligence Score: 8
Why it matters
The acquisition of a $27.25 million R&D facility leased to Rivian is a routine commercial real estate transaction with limited market impact or broader credit-market significance.
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El Segundo Rivian R&D Facility Acquired for $27.25M
Newmark arranged the $27.25 million sale of 401 Coral Circle, a 56,815-square-foot R&D office facility located in El Segundo, California. The property is 100% leased on a triple-net (NNN) basis to Rivian. The buyer was Majestic Realty. Newmark’s Kevin Shannon, Rob Hannan, Ken…