Updated Oct 29, 2024
Korea Investment & Securities Acquires Santa Ana Office Building For $35.4M
2 MacArthur Pl, Santa Ana, CA 92707, USA
$35,400,000
$177/SF
Building Size
200,000 SF
Asset Type
Office
Closing
Oct 6, 2020
About this deal
AI
The office property at 2 MacArthur Place in Santa Ana was recently sold for a price of $35,400,000. The property spans an area of 200,000 square feet, resulting in a price per square foot of $177.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $35,400,000
- Buyer: Il-Mun Jung – Korea Investment & Securities
- Seller: Ocean West Capital
- Address: 2 MacArthur Place, Santa Ana
- Market: Santa Ana
- Square Footage: 200,000
- Price per Square Foot: $177
Il-Mun Jung from Korea Investment & Securities represented the buyer in this transaction, while Ocean West Capital served as the seller.
On the Map
$35,400,000
$177/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93