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Hamra Properties Acquires Industrial & Office Property In Anaheim For $21.3M

Property Image
SOLD
$21,300,000
Rick Ellison
Randy Ellison
Nico Napolitano
+ 3

California

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Industrial154,627 SF
Sold 11/26/2019
the dealplayerscompscontact
Property Image
SOLD

Hamra Properties Acquires Industrial & Office Property In Anaheim For $21.3M

5150 East La Palma Avenue, Anaheim, CA, USA

See Similar Deals
Industrial154,627 SF
Sold 11/26/2019
Rick Ellison
Randy Ellison
Nico Napolitano
+ 3
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:154,627 SF
Transaction Type:Sale

The property located at 5100-5150 East LA Palma Ave in Anaheim has been sold in a closed transaction. The asset type of this property is Industrial & Office, and it spans a total area of 154,627 square feet. The sale price for this property was $21,300,000, resulting in a price per square foot of $137.75. The transaction took place on November 26, 2019.

Summary of transaction details:

  • Property Type: Industrial & Office
  • Transaction Amount: $21,300,000
  • Area: 154,627 square feet
  • Price per Square Foot: $137.75
  • Market: Anaheim

The seller of this property was Seligman Group, while the buyer was Hamra Properties. The transaction was facilitated by Jeffrey Cole, Jeff Chiate, Ed Hernandez, Mike Adey, Nico Napolitano from Cushman & Wakefield, as well as Rick Ellison and Randy Ellison.

Players

Ed Hernandez
Ed Hernandez
8 deals$589.1M volume
BROKER
Mike Adey
Cushman & Wakefield
Mike Adey
18 deals$1.3B volume
BROKER
Jeff Chiate
Cushman & Wakefield
Jeff Chiate
38 deals$2.7B volume
BROKER
Nico Napolitano
Cushman & Wakefield
Nico Napolitano
10 deals$408M volume
BROKER
Rick Ellison
Cushman & Wakefield
Rick Ellison
24 deals$1.4B volume
BROKER
Randy Ellison
Cushman & Wakefield
Randy Ellison
3 deals$85.8M volume
BROKER

Details

SOLD
IMAGE: Jeffrey Cole, Jeff Chiate, Ed Hernandez & Mike Adey DATE: 11/26/2019 ADDRESS: 5100-5150 East LA Palma Ave MARKET: Anaheim ASSET TYPE: Industrial & Office PRICE: $21,300,000 SF: 154,627 PPSF: $137.75 SELLER: Seligman Group BUYER: Hamra Properties BROKERS: Jeffrey Cole, Jeff Chiate, Ed Hernandez, Mike Adey, Nico Napolitano - Cushman & Wakefield, Rick Ellison, Randy Ellison

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,135,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$75,674.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,972.87
Annual Debt Service$1,211,674.40