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BeeSquare Capital Inc. Acquires Development Site In Orange County For $17.4M

Property Image
SOLD
$17,400,000
Thomas (Tom) Chichester
Nick D'Argenzio
Richard (Rick) Chichester

California

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Development Site61,569 SF
Sold 04/26/2021
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Property Image
SOLD

BeeSquare Capital Inc. Acquires Development Site In Orange County For $17.4M

17110 Brookhurst Street, Fountain Valley, Orange County, CA, USA

See Similar Deals
Development Site61,569 SF
Sold 04/26/2021
Thomas (Tom) Chichester
Nick D'Argenzio
Richard (Rick) Chichester
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$282
Total Square Footage:61,569 SF
Transaction Type:Sale

A development site located at 17110 Brookhurst Street in Orange County has been sold for a total price of $17,400,000. The property spans a total of 61,569 square feet, resulting in a price per square foot of $283. The transaction took place on April 26, 2021.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $17,400,000
  • Address: 17110 Brookhurst Street
  • Market: Orange County
  • Buyer: BeeSquare Capital Inc.
  • Seller: FVBFV
  • Seller's Representative: Thomas Chichester, Rick Chichester, Nick D'Argenzio

The buyer, BeeSquare Capital Inc., acquired the property from the seller, FVBFV. The transaction was facilitated by the seller's representatives, Thomas Chichester, Rick Chichester, and Nick D'Argenzio. The sale of the development site marks a significant deal in Orange County's real estate market.

Players

Richard (Rick) Chichester
Richard Chichester
4 deals$79.3M volume
BROKER
Thomas (Tom) Chichester
Thomas Chichester
6 deals$66.6M volume
BROKER
Nick D'Argenzio
Nick D'Argenzio
4 deals$50.1M volume
BROKER

Details

SOLD
IMAGE: Thomas Chichester @TWChichester, Nick D'Argenzio @NickDzio & Rick Chichester DATE: 04/26/2021 ADDRESS: 17110 Brookhurst Street MARKET: Orange County ASSET TYPE: Development Site BUYER: BeeSquare Capital Inc. SELLER: FVBFV SELLER’S REP: Thomas Chichester @TWChichester, Rick Chichester, Nick D'Argenzio SALE PRICE: $17,400,000 BSF: 61,569 ~ PPBSF: $283

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$928,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$61,818.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,484.88
Annual Debt Service$989,818.52