Hines Sells Industrial Property In Santa Ana To An Undisclosed Buyer For $113.5M
SOLD
$113,500,000
California
See Similar DealsIndustrial373,942 SF
Sold 01/19/2021
SOLD
Hines Sells Industrial Property In Santa Ana To An Undisclosed Buyer For $113.5M
515 East Dyer Road, Santa Ana, CA, USA
See Similar DealsIndustrial373,942 SF
Sold 01/19/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$303
Total Square Footage:373,942 SF
Transaction Type:Sale
An industrial property located at 515 E. Dyer in Santa Ana has been sold for $113,500,000. The property spans a total of 373,942 square feet, resulting in a price per square foot of $303. The sale took place on January 19, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $113,500,000
- Address: 515 E. Dyer, Santa Ana
- Market: Santa Ana
- Asset Type: Industrial
The seller of the property was Hines. The sale was facilitated by John Griffin from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,053,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$403,241.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$538,047.90
Annual Debt Service$6,456,574.86
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