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:
- Property Type: Industrial
- Transaction Amount: $64,500,000
- Buyer: Henry & Susan Samueli - Anaheim Ducks
- Seller: Quinn Johnson - EBS Realty Partners; Penwood Real Estate Investment Management
- Brokers: Brett Lockwood, Jason Ward, John Harty, Randy Ellison & Rick Ellison - Cushman & Wakefield
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
Anaheim Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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