Onni Group Acquires Office & Retail Property On 17011 Beach Blvd For $97.3M
SOLD
$97,250,000
California
See Similar DealsMixed-use316,430 SF
Sold 07/15/2019
SOLD
Onni Group Acquires Office & Retail Property On 17011 Beach Blvd For $97.3M
17011 Beach Blvd, Huntington Beach, CA, USA
See Similar DealsMixed-use316,430 SF
Sold 07/15/2019
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$307
Total Square Footage:316,430 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$345,508.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$461,014.61
Annual Debt Service$5,532,175.38
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