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1770 S Harbor BLVD, Anaheim...

Private Family Office Acquires Anaheim Resort Centre For $19.5M In Anaheim
SOLD

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

Nick Miller

Bright Realty

Broker

$61.9M

vol

10 deals

Broker
PO
Private Family OfficeBuyer

Anaheim CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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