Onni Group Acquires Office & Retail Property On 17011 Beach Blvd For $97.3M
17011 Beach Blvd, Huntington Beach, CA, USA
$97,250,000
$307/SF
Building Size
316,430 SF
Asset Type
Mixed-use
Closing
Jul 14, 2019
AI
The property at 17011 Beach Blvd has been sold in a closed transaction. It is an office and retail asset, with a total square footage of 316,430. The sale took place on July 15, 2019, and the property was sold for $97,250,000, resulting in a price per square foot of $307.
Summary of transaction details:
- Property Type: Office & Retail
- Transaction Amount: $97,250,000
The seller of the property was David Nagel, representing Decron Properties. The buyer was Onni Group. The transaction was facilitated by Marc Renard, from Cushman & Wakefield.
Players
Huntington Beach 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93