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1700 Carnegie Avenue

BH Properties Acquires Office Property In Santa Ana For $21M
SOLDOffice

BH Properties Acquires Office Property In Santa Ana For $21M

1700 Carnegie Avenue

$21,000,000

$163/SF

Building Size

128,266 SF

Asset Type

Office

Closing

May 6, 2021

AI

The office property located at 1700 Carnegie Avenue in Santa Ana has been sold in a recent transaction. The property spans 128,266 square feet and is categorized as an office asset. The sale was facilitated by Colliers International, who represented both the buyer and the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $21,000,000
  • Address: 1700 Carnegie Avenue
  • Market: Santa Ana

The buyer of the property is BH Properties, represented by Steve Gozini and Jim Brooks. On the other side, the seller is TA Realty, and the transaction was handled by Scott W. Amling and Marcus E. Berry. The sale price for the property was $21,000,000, resulting in a price per square foot of $163.

Players

Scott W. Amling

TA Realty

Seller

$344.8M

vol

6 deals

Seller
B.H. Properties
B.H. PropertiesLender

Santa Ana 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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93