SOLDOffice
Montecito Medical Real Estate Acquires Office Building From MCR Companies For $16 Million In Avondale
13028 W Rancho Santa Fe Blvd
$16,000,000
$551/SF
Building Size
29,017 SF
Asset Type
Office
Closing
Apr 8, 2025
About this deal
AI
The property asset involved in this transaction is an office space located at 13028 W Rancho Santa Fe Blvd, Avondale. The total transaction amount was $16,000,000.00 for an area of 29,017 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,000,000.00
- Address: 13028 W Rancho Santa Fe Blvd
- Market: Avondale
- Square Footage: 29,017
- Buyer: Montecito Medical Real Estate
- Seller: MCR Companies
- Brokers: Michael Dupuy, Zack Harris (Kidder Mathews)
This transaction involved the buyer Montecito Medical Real Estate acquiring the property from seller MCR Companies, with representation by brokers Michael Dupuy and Zack Harris from Kidder Mathews.
On the Map
$16,000,000
$551/SF
Office
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Avondale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93