Moriel Real Estate LLC Acquires Industrial Property In Anaheim From Nissei America Inc. For $13.1M
1480 N Hancock St, Anaheim, CA, USA
$13,100,000
$258/SF
Building Size
50,600 SF
Asset Type
Industrial
Closing
Apr 18, 2021
AI
The industrial property located at 1480 North Hancock St. in Anaheim has been sold. The property spans 50,600 square feet and was sold for a price of $13,100,000, resulting in a price per square foot of $258. The transaction took place on April 19, 2021. The buyer of the property is Moriel Real Estate LLC, represented by Colliers International. The seller of the property is Nissei America Inc., with Todd Taugner from Klabin Co. serving as their representative.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,100,000
- Address: 1480 North Hancock St.
- Market: Anaheim
Todd Taugner from Klabin Co. represented the seller, Nissei America Inc., in this transaction. This deal demonstrates the involvement of various key individuals and companies, including Moriel Real Estate LLC as the buyer and Colliers International as the buyer's representative. These parties were instrumental in facilitating the sale of this industrial property in Anaheim.
Players
Anaheim 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
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93