Kingsbarn Realty Capital Acquires Office Building In Anaheim For $32.5M
2125 East Katella Avenue, Anaheim, California 92806, United States
$32,500,000
$306/SF
Building Size
106,068 SF
Asset Type
Office
Closing
Mar 20, 2022
AI
An office property located at 2125 East Katella Avenue in Anaheim has been sold in a transaction. The property spans a total of 106,068 square feet and was sold for a price of $32,500,000. The sale price per square foot is approximately $306.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $32,500,000
Kingsbarn Realty Capital was the buyer in this transaction, while Pendulum Property Partners served as the seller. The deal was facilitated by brokers Kevin Shannon, Paul Jones, Brandon White, Liam Ogburn, Sean Fulp, Ryan Plummer, and Mark Schuessler of Newmark.
Players
Anaheim 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93