William Shopoff Of Shopoff Realty Investments Secures $49 Million Loan For Development Site In Buena Park
5600 Beach Boulevard
$49,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 19, 2025
AI
The asset involved in this transaction is a development site located at 5600 Beach Boulevard in Buena Park. The loan amount secured for this site is $49,000,000.00, which is designated for acquisition purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $49,000,000.00
- Loan Type: Acquisition
- Landlord: William Shopoff - Shopoff Realty Investments
- Broker Representation: Jamie Kline - JLL, Kyle White - JLL
- Loan Date: 03/19/2025
Key individuals involved in this transaction include William Shopoff, representing Shopoff Realty Investments as the landlord. The deal was brokered by Jamie Kline and Kyle White, both affiliated with JLL, who played integral roles in facilitating this acquisition process.
Players
Buena Park Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93