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17025 Brookhurst Street, Fo...

Updated Dec 20, 2023

Bilt advertisement
Faris Lee Investments Acquires Redevelopment Site In Fountain Valley For $17.5M
SOLDDevelopment Site

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

Richard Chichester

Broker

$79.3M

vol

4 deals

Broker

Fountain Valley Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $80 per square foot on a published $17.5M for 217,800 square feet (2021).

Visit Thomas (Tom) Chichester to view all their deals.

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

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