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
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.
Players
Fountain Valley Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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