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1801 Hughes Dr Fullerton, C...

Prime Enterprises Acquires 33.76-Acre Development Site In Fullerton, CA For $76.5M
SOLDDevelopment Site

Prime Enterprises Acquires 33.76-Acre Development Site In Fullerton, CA For $76.5M

1801 Hughes Dr Fullerton, CA 92833, USA

$76,500,000

$188/SF

Building Size

405,130 SF

Asset Type

Development Site

Closing

Aug 31, 2023

AI

A development site located at 1801 Hughes Drive in Fullerton, CA has been sold for a price of $76,500,000. The property spans across 33.76 acres and offers a total square footage of 405,130. The sale price per square foot was $189. The transaction took place on August 31, 2023.

Summary of transaction details

The buyer of the property was Prime Enterprises. The transaction was facilitated by the brokers Nico Napolitano, Jeffrey Cole, Brad Brandenburg, Jeff Chiate, Rick Ellison, and Scott Selke from Cushman & Wakefield.

Players

Jeff Chiate

Cushman & Wakefield

Broker

$2.8B

vol

39 deals

Broker
PE
Prime EnterprisesBuyer

Market 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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93