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
Anaheim Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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