Boyd Watterson Asset Management Acquires Santa Ana Office Building For $98M
2 MacArthur Pl, Santa Ana, CA, USA
$98,000,000
$445/SF
Building Size
220,000 SF
Asset Type
Office
Closing
Oct 23, 2021
AI
The office property located at 2 Macarthur Place in Santa Ana has been sold for $98,000,000. The sale took place on October 23, 2021, and the property spans across 220,000 square feet. The price per square foot was $445. The buyer in this transaction was Boyd Watterson Asset Management, represented by Brian Gevry. On the selling side, Ocean West Capital Partners, along with Russ Allegrette and Angelo Gordon & Company, were involved in the deal.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $98,000,000
- Address: 2 Macarthur Place, Santa Ana
- Market: Santa Ana
- Buyer: Boyd Watterson Asset Management - Brian Gevry
- Seller: Ocean West Capital Partners - Russ Allegrette & Angelo Gordon & Company
- Square Footage: 220,000
- Price per Square Foot: $445
The buyer's representative in this transaction was Brian Gevry from Boyd Watterson Asset Management. On the selling side, Russ Allegrette and Angelo Gordon & Company represented Ocean West Capital Partners. This successful office property sale indicates a significant transaction in the Santa Ana market.
Santa Ana Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93