Ledcor Group Acquires 8.5 Acre Development Site In Santa Ana For $51M
1801 East 4th Street, Los Angeles, California 90033, United States
$51,000,000
Building Size
—
Asset Type
Development Site
Closing
Sep 14, 2022
AI
A development site located at 1801 East Fourth Street in Santa Ana has been sold for $51,000,000. The property spans an impressive 8.5 acres and was acquired by Ledcor Group, with Dave Lede representing the buyer. The seller of the property was George Argyros, who was represented by Arnel & Affiliates.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $51,000,000
- Address: 1801 East Fourth Street, Santa Ana
- Market: Santa Ana
- ACRES: 8.5
This significant sale, facilitated by Dave Lede of Ledcor Group, highlights the demand for development opportunities in Santa Ana. The transaction between Ledcor Group and George Argyros of Arnel & Affiliates signifies the successful collaboration between key individuals and companies involved in the deal.
Players
Los Angeles 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93