Updated Dec 20, 2023
Faris Lee Investments Acquires Redevelopment Site In Fountain Valley For $17.5M
17025 Brookhurst Street, Fountain Valley, CA, USA
$17,500,000
$80/SF
Building Size
217,800 SF
Asset Type
Development Site
Closing
Apr 29, 2021
About this deal
AI
A redevelopment site located at 17025 Brookhurst St in Fountain Valley has been sold for $17,500,000. The property spans 217,800 square feet, resulting in a price per square foot of $80.
Summary of transaction details
- Property Type: Redevelopment site
- Transaction Amount: $17,500,000
- Address: 17025 Brookhurst St
- Market: Fountain Valley
The sale was facilitated by Rick Chichester, Tom Chichester, and Nick D’Argenzio of Faris Lee Investments.
The development site sale at 17025 Brookhurst Street, Fountain Valley, CA, USA in Fountain Valley, California sold for $17.5M in 2021. The building is 217,800 square feet, implying about 80 per square foot on the published price. Named participants on the 17025 Brookhurst Street, Fountain Valley, CA, USA sale are Thomas (Tom) Chichester, Nick D'Argenzio, Richard (Rick) Chichester. This page is the Fountain Valley, California file for the 17025 Brookhurst Street, Fountain Valley, CA, USA development site sold: pricing, party profiles, and other closed development site comps from the same Fountain Valley sit in the Market section below. Filter that Fountain Valley development site set by closing date to see what else sold near 17025 Brookhurst Street, Fountain Valley, CA, USA around 2021. Published consideration for 17025 Brookhurst Street, Fountain Valley, CA, USA is $17.5M, dated 2021. Cite this Faris Lee Investments Acquires Redevelopment Site In Fountain Valley For $17.5M sale when underwriting similar development site product around Fountain Valley, California.
Players
Fountain Valley Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93