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23161 Mill Creek Dr

Manny Khoshbin Acquires Laguna Hills Property From Angelo Gordon For $10.4M
SOLD

Manny Khoshbin Acquires Laguna Hills Property From Angelo Gordon For $10.4M

23161 Mill Creek Dr

$10,400,000

$213/SF

Building Size

48,777 SF

Asset Type

Closing

May 24, 2022

AI

The property located at 23161 Mill Creek Dr in the Laguna Hills market was sold for $10,400,000.00. This asset encompasses a total of 48,777 square feet.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $10,400,000.00
  • Address: 23161 Mill Creek Dr
  • Market: Laguna Hills
  • Buyer: Manny Khoshbin
  • Seller: Angelo Gordon
  • Brokers: Robin Singh - Lincoln Property Company

This transaction involved key individuals such as Manny Khoshbin as the buyer and Angelo Gordon as the seller, with representation provided by Robin Singh from Lincoln Property Company, facilitating the sale process.

Players

Robin Singh

Lincoln Property Company

Broker

$49.2M

vol

3 deals

Broker

Manny Khoshbin

Buyer
Buyer
Angelo Gordon & Co.
Angelo Gordon & Co.Seller

Laguna Hills 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

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93