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
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