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1065 N Link

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

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

1065 N Link

$31,150,000

$326/SF

Building Size

95,371 SF

Asset Type

Office

Closing

Oct 3, 2023

AI

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

Cushman & Wakefield

Broker

$408M

vol

10 deals

Broker
EP
Easterly Government PropertiesBuyer

Anaheim Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93