facebook

traded

+ Submit
Home

/

Deals

/

California

/

Development Site

/

Sale

/

3130 South Fairview Street,...

Hines Acquires Development Site In Orange County For $20.15M
SOLDDevelopment Site

Hines Acquires Development Site In Orange County For $20.15M

3130 South Fairview Street, Santa Ana, California 92704, United States

$20,150,000

$116/SF

Building Size

172,497 SF

Asset Type

Development Site

Closing

Dec 23, 2021

AI

A development site located at 3130 S. Fairview in Orange County has been sold for a price of $20,150,000. The property spans a total area of 172,497 square feet, resulting in a price per square foot of $116. The transaction took place on December 23, 2021.

Summary of transaction details

The buyer of the property is Hines, while the seller is the Williams Family. The transaction was facilitated by brokers Steffan Morris, Zach Schwaner, Jason Helmick, and Dale Camera from Lee & Associates.

Players

Steffan Morris

Lee & Associates

Broker

$132.8M

vol

7 deals

Broker
Hines
HinesBuyer

Williams Family

Seller

$25.1M

vol

4 deals

Seller

Santa Ana 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

0.79%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93