facebook

traded

+ Submit
Home

/

Deals

/

California

/

Industrial

/

Sale

/

2461 East Orangethorpe Avenue

HK Ventures Acquires Cedarwoods Business Park In Fullerton For $19.4M
SOLDIndustrial

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.

Players

Michael Hefner

Voit Real Estate Services

Broker

$257.4M

vol

9 deals

Broker

Fullerton 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

0.82%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93