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
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