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2040 South State College Bo...

Henry & Susan Samueli Acquire Anaheim Industrial Site For $64.5M
SOLDIndustrial

Henry & Susan Samueli Acquire Anaheim Industrial Site For $64.5M

2040 South State College Boulevard & 2050 South State College Boulevard

$64,500,000

Building Size

Asset Type

Industrial

Closing

Jun 18, 2024

AI

The property involved in the transaction is a 2.4-acre industrial site located at 2040 & 2050 South State College Boulevard in Anaheim. The sale price for this industrial asset was $64,500,000.

Summary of transaction details:

Henry and Susan Samueli, known for owning the Anaheim Ducks, acquired the industrial site near Angel Stadium for their OCVibe megadevelopment project. The OCVibe project, valued at $4 billion, is slated to transform 100 acres surrounding the Honda Center into a mix of multifamily complexes, hotels, parks, and commercial spaces. The initial phase of this extensive project is anticipated to open in 2026.

Players

Rick Ellison

Cushman & Wakefield

Broker

$1.4B

vol

25 deals

Broker

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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93