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1600 West Lincoln Avenue, A...

MBK Rental Living And Haseko Corp Acquire Mixed-use Property In Anaheim For $21.4M
SOLDMixed-use

MBK Rental Living And Haseko Corp Acquire Mixed-use Property In Anaheim For $21.4M

1600 West Lincoln Avenue, Anaheim, California 92801, United States

$21,400,000

$538/SF

Building Size

39,727 SF

Asset Type

Mixed-use

Closing

Feb 22, 2022

AI

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.

Players

Marc Renard

Cushman & Wakefield

Broker

$1.3B

vol

12 deals

Broker
ML
MBK Rental LivingBuyer

Anaheim Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93