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

Property Image
SOLD
$21,000,000
Scott W. Amling
MB
Steve Gozini
+ 1

California

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Office128,266 SF
Sold 05/06/2021
the dealplayerscompscontact
Property Image
SOLD

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

1700 Carnegie Avenue

See Similar Deals
Office128,266 SF
Sold 05/06/2021
Scott W. Amling
MB
Steve Gozini
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$163
Total Square Footage:128,266 SF
Transaction Type:Sale

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
Scott W. Amling
6 deals$344.8M volume
SELLER
MB
TA Realty
Marcus E. Berry
2 deals$62.5M volume
SELLER
B.H. Properties
B.H. Properties
LENDER

Details

SOLD
IMAGE: Steve Gozini, Jim Brooks, Scott W. Amling & Marcus E. Berry DATE: 05/07/2021 ADDRESS: 1700 Carnegie Avenue MARKET: Santa Ana ASSET TYPE: Office BUYER: BH Properties - Steve Gozini & Jim Brooks SELLER: TA Realty - Scott W. Amling & Marcus E. Berry BROKERS: Colliers International SALE PRICE: $21,000,000 SF: 128,266 ~ PPSF: $163

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56