Updated Nov 28, 2024
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
About this deal
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
- Property Type: Development Site
- Transaction Amount: $20,150,000
- Address: 3130 S. Fairview, Orange County
- Square Footage: 172,497
- Price per Square Foot: $116
- Buyer: Hines
- Seller: Williams Family
- Brokers: Steffan Morris, Zach Schwaner, Jason Helmick & Dale Camera - Lee & Associates
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.
On the Map
$20,150,000
$116/SF
Development Site
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Players
Santa Ana 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
0.79%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93