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
Anaheim Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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