Updated Oct 29, 2024
Merlone Geier Partners Acquires Property In Huntington Beach For $21.4M With Buyer’s Rep Daniel Tyner
6885 Warner Ave, Huntington Beach...
$21,400,000
$291/SF
Building Size
73,427 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property located at 6885 Warner Ave, Huntington Beach, is characterized by a total square footage of 73,427. The transaction was executed at a price of $21,400,000.00, placing it within the Huntington Beach market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $21,400,000.00
- Address: 6885 Warner Ave, Huntington Beach
- Market: Huntington Beach
- Buyer: Merlone Geier Partners
- Buyer's Representative: Daniel Tyner-JLL
Daniel Tyner of JLL represented the buyer, Merlone Geier Partners, in this closed transaction. The transaction reflects the interests and activities of the buyer within the Huntington Beach area.
Players
Huntington Beach 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93