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
- Property Type: Development Site
- Transaction Amount: $76,500,000
- Address: 1801 Hughes Drive, Fullerton, CA
- Market: Fullerton, CA
- Asset Type: Development Site
- ACRES: 33.76
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
Market 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93