Dr. Daniel Barrett Acquires Office Building In Costa Mesa For $4.65M
1650 Adams Avenue, Costa Mesa, CA, USA
$4,650,000
$373/SF
Building Size
12,436 SF
Asset Type
Office
Closing
Dec 27, 2020
AI
An office property in Costa Mesa located at 1650 Adams Avenue was recently sold in a transaction on 12/28/2020. The property, measuring 12,436 square feet, was sold for a price of $4,650,000, resulting in a price per square foot of $373. The sale was facilitated by Lucia Holdings, who represented the seller, and the buyer was Dr. Daniel Barrett. The buyer was represented by Jake Zacuto, Andrew Sinasohn, and Doug Fillmore from Zacuto Group. The seller's representatives were Joe Winkelmann and Tony Lochhead.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,650,000
- Address: 1650 Adams Avenue, Costa Mesa
- Market: Costa Mesa
Dr. Daniel Barrett was the buyer of the property, while Lucia Holdings acted as the seller. The buyer was represented by Jake Zacuto, Andrew Sinasohn, and Doug Fillmore, who are associated with Zacuto Group. The seller's representatives were Joe Winkelmann and Tony Lochhead. The transaction closed on 12/28/2020, with the office property being sold for a total of $4,650,000 at a price per square foot of $373.
Players
Costa Mesa 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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93