Private Family Office Acquires Anaheim Resort Centre For $19.5M In Anaheim
1770 S Harbor BLVD, Anaheim, CA, 92...
$19,500,000
$1,950/SF
Building Size
10,000 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The Anaheim Resort Centre, a retail investment opportunity located within the Disneyland Resort District in Anaheim, has been acquired by an Irvine-based family office for $19.5 million. Situated on the corner of Harbor Boulevard and Katella Avenue, this property features 10,000 square feet of retail space fully occupied by nine tenants on a triple-net lease basis.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $19,500,000.00
- Address: 1770 S Harbor Blvd, Anaheim, CA
- Market: Anaheim
- Buyer's Representative: Nick Miller (Bright Realty)
- Buyer: Private Family Office
- Square Footage: 10,000 SF
Nick Miller and Shaun Riley of Faris Lee Investments played crucial roles in representing the buyer, an Irvine-based family office, in the acquisition of the Anaheim Resort Centre. The seller behind this transaction remains undisclosed, adding to the intrigue of this deal within the vibrant Disneyland Resort District in Anaheim.
Players
Anaheim CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93