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1400 S Allec St Anaheim, CA...

Bixby Land Co. Sells Anaheim Industrial Property For $28.15M
SOLDIndustrial

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

Aaron Hill

Bixby Land Co.

Seller

$121.3M

vol

6 deals

Seller

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