facebook
Traded Co logo
Submit

Easterly Government Properties Acquires Office Property In Anaheim For $31.15M

Property Image
SOLD
$31,150,000

California

See Similar Deals
Office95,371 SF
Sold 10/03/2023
the dealplayerscompscontact
Property Image
SOLD

Easterly Government Properties Acquires Office Property In Anaheim For $31.15M

1065 N Link

See Similar Deals
Office95,371 SF
Sold 10/03/2023
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$326
Total Square Footage:95,371 SF
Transaction Type:Sale

The office property located at 1065 N Link in Anaheim has been sold for a price of $31,150,000. The property spans across 95,371 square feet, resulting in a price per square foot of $327. The transaction took place between the sellers, Hines and Oaktree Capital Management, and the buyer, Easterly Government Properties. The sale was facilitated by the brokers Jeffrey Cole, Nico Napolitano, and Brad Brandenburg from Cushman & Wakefield.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $31,150,000
  • Square Footage: 95,371
  • Price per Square Foot: $327
  • Address: 1065 N Link, Anaheim

Easterly Government Properties acquired the office property from Hines and Oaktree Capital Management, with the assistance of the broker team consisting of Jeffrey Cole, Nico Napolitano, and Brad Brandenburg from Cushman & Wakefield. The property's sale price reflects its value in the market, which amounted to $31,150,000. The property offers 95,371 square feet of space, ensuring ample room for various office operations. Located at 1065 N Link in Anaheim, this transaction highlights the active commercial real estate market in the area.

Players

Nico Napolitano
10 deals$408M volume
BROKER

Brad Brandenburg
Cushman & Wakefield
11 deals$934.6M volume
BROKER

Jeffrey (Jeff) Cole
Cushman & Wakefield
22 deals$1.9B volume
BROKER

BUYER

Details

SOLD
IMAGE: Jeffrey Cole, Nico Napolitano & Brad Brandenburg DATE: 10/03/2023 ADDRESS: 1065 N Link MARKET: Anaheim ASSET TYPE: Office BUYER: Easterly Government Properties SELLER: Hines and Oaktree Capital Management BROKERS: Jeffrey Cole, Nico Napolitano (@NicoNapolitano) & Brad Brandenburg (@InstaBurg38) - Cushman & Wakefield SALE PRICE: $31,150,000 SF: 95,371 ~ PPSF: $327

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,661,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$110,669.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$147,666.89
Annual Debt Service$1,772,002.70