MBK Rental Living And Haseko Corp Acquire Mixed-use Property In Anaheim For $21.4M
SOLD
$21,400,000
California
See Similar DealsMixed-use39,727 SF
Sold 02/23/2022
SOLD
MBK Rental Living And Haseko Corp Acquire Mixed-use Property In Anaheim For $21.4M
1600 West Lincoln Avenue, Anaheim, California 92801, United States
See Similar DealsMixed-use39,727 SF
Sold 02/23/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$538
Total Square Footage:39,727 SF
Transaction Type:Sale
A mixed-use property located at 1600 W. Lincoln Ave. in Anaheim has been sold for a total price of $21,400,000. The property, sitting on 5.2 acres of land, offers a variety of uses and amenities. The transaction took place on February 23, 2022.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $21,400,000
- Address: 1600 W. Lincoln Ave.
- Market: Anaheim
- Size: 5.2 acres
MBK Rental Living and Craig Jones, along with Haseko Corp., acted as the buyers in this transaction. The deal was facilitated by Mark Renard of Cushman & Wakefield.
The property consists of 315 units, with a price per unit (PPU) of $67,936. The transaction involved various parties, highlighting the significance of the deal in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,029.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,446.92
Annual Debt Service$1,217,363.01
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