HK Ventures Acquires Cedarwoods Business Park In Fullerton For $19.4M
2461 East Orangethorpe Avenue & 2495 East Orangethorpe Avenue
$19,400,000
$113/SF
Building Size
171,400 SF
Asset Type
Industrial
Closing
Jan 4, 2024
AI
Voit Real Estate Services arranged the $19.4 million sale of Cedarwoods Business Park in Fullerton, Orange County. The industrial property is located at 2461-2495 East Orangethorpe Avenue and sits on 4.8 acres of land. The property consists of 85,700 square feet of space and was acquired at a price of $226 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $19,400,000
- Address: 2461-2495 East Orangethorpe Avenue, Fullerton, Orange County
- Market: Fullerton
- Acres: 4.8
HK Ventures is the buyer of Cedarwoods Business Park. The sale was facilitated by Michael Hefner from Voit Real Estate Services. The deal presents an opportunity for HK Ventures to consider redevelopment in the future.
Fullerton 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
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93