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13028 W Rancho Santa Fe Blvd

Montecito Medical Real Estate Acquires Office Building From MCR Companies For $16 Million In Avondale
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

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:

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.

Players

Zack Harris

Kidder Mathews

Broker

$30M

vol

3 deals

Broker
ME
Montecito Medical Real EstateBuyer
MC
MCR CompaniesSeller

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