Robert A. Iger Of The Walt Disney Co. Acquires Industrial Property In Anaheim For $124M
California
See Similar DealsRobert A. Iger Of The Walt Disney Co. Acquires Industrial Property In Anaheim For $124M
1601 East Cerritos Avenue
See Similar DealsSummary
The Walt Disney Co. has acquired an industrial property located at 1501 & 1601 East Cerritos Avenue in Anaheim for a transaction amount of $124 million. This asset encompasses a total of 406,787 square feet and is valued at approximately $305 per square foot. The two-building warehouse was previously owned by an entity affiliated with JP Morgan Chase.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $124,000,000
- Square Footage: 406,787
- Price Per Square Foot: $305
- Buyer: Robert A. Iger - The Walt Disney Co.
- Seller: Jamie Dimon - JP Morgan Chase
- Market: Anaheim
This acquisition marks a significant move for The Walt Disney Co., as it previously leased the facility and now consolidates their long-term commitment to this location. The purchase enhances operational efficiencies and provides Disney with greater control over the facility.
Details
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