Ledcor Group Acquires 8.5 Acre Development Site In Santa Ana For $51M
SOLD
$51,000,000
California
See Similar DealsDevelopment Site
Sold
SOLD
Ledcor Group Acquires 8.5 Acre Development Site In Santa Ana For $51M
1801 East 4th Street, Los Angeles, California 90033, United States
See Similar DealsDevelopment Site
Sold
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,719,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$181,192.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$241,766.02
Annual Debt Service$2,901,192.23
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