Bixby Land Co. Sells Anaheim Industrial Property For $28.15M
1400 S Allec St Anaheim, CA 92805, USA
$28,150,000
$232/SF
Building Size
121,341 SF
Asset Type
Industrial
Closing
Jul 31, 2023
AI
Bixby Land Co. has sold a 121,341-square-foot industrial property located at 1400 South Allec Street in Anaheim, California. The property features 26-foot clear heights, 20 dock positions, and office space. It is situated in the Anaheim market, which is approximately 28 miles southeast of Los Angeles. The sale price for this transaction was $28.15 million, resulting in a price per square foot of $232.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $28,150,000
- Market: Anaheim
- Address: 1400 South Allec Street
- Square Footage: 121,341
- Price per Square Foot: $232
The seller of this industrial property was Bixby Land Co., represented by Aaron Hill. The buyer, however, has remained undisclosed. The brokerage firm involved in the deal was Kidder Mathews.
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93