Rose O'Sullivan Of NAI Capital Represents Buyer In $7.3M Acquisition Of Anaheim Office Property

The office property located at 1290 N Hancock St in Anaheim has recently been sold for $7,300,000. The transaction took place on 09/18/2019 and was facilitated by brokers Rose O'Sullivan from NAI Capital and Erik Thompson from Lee & Associates. The property encompasses a total of 43,202 square feet with a price per square foot of $168.97. It consists of 11 units, resulting in an average price per unit of $663,636.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,300,000
• Address: 1290 N Hancock St, Anaheim
• Market: Anaheim
• Brokers: Rose O'Sullivan - NAI Capital, Erik Thompson - Lee & Associates
• Square Footage: 43,202
• Price per Square Foot: $168.97
• Number of Units: 11
• Price per Unit: $663,636

Rose O'Sullivan of NAI Capital represented the buyer in a 1031 exchange, which allowed the client to increase their cash flow by 250%. The purchase price yielded a 7.16% cap rate based on the existing income generated by the property. Additionally, the buyer obtained a 63% loan-to-value (LTV) loan at an interest rate of 3.39%.