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Kingsbarn Realty Capital Acquires Office Building In Anaheim For $32.5M

Property Image
SOLD
$32,500,000
Liam Ogburn
Paul Jones
+ 5

California

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Office106,068 SF
Sold 03/21/2022
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Property Image
SOLD

Kingsbarn Realty Capital Acquires Office Building In Anaheim For $32.5M

2125 East Katella Avenue, Anaheim, California 92806, United States

See Similar Deals
Office106,068 SF
Sold 03/21/2022
Liam Ogburn
Paul Jones
+ 5
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$306
Total Square Footage:106,068 SF
Transaction Type:Sale

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

Brandon White
19 deals$901.6M volume(949) 608-2113
BROKER

Mark Schuessler
Colliers
37 deals$1.3B volume
BROKER

Paul Jones
Newmark
26 deals$1.3B volume
BROKER

Ryan Plummer
Newmark
46 deals$1.1B volume(310) 407-6570
BROKER

Kevin Shannon
Newmark
136 deals$9.1B volume
BROKER

Sean Fulp
Colliers
55 deals$1.9B volume
BROKER

Liam Ogburn
Newmark
3 deals$95.6M volume
BROKER

Arian Zerehi
Maher Commercial Realty
11 deals$79.5M volume(310) 943-8530
BROKER

BRC Advisors
BROKERAGE


Details

SOLD
IMAGE: Kevin Shannon, Brandon White, Paul Jones, Liam Ogburn, Ryan Plummer, Mark Schuessler & Sean Fulp DATE: 03/21/2022 ADDRESS: 2125 East Katella Avenue MARKET: Anaheim ASSET TYPE: Office BUYER: Kingsbarn Realty Capital SELLER: Pendulum Property Partners BROKERS: Kevin Shannon, Paul Jones, Brandon White, Liam Ogburn, Sean Fulp, Ryan Plummer & Mark Schuessler - Newmark SALE PRICE: $32,500,000 SF: 106,068 ~ PPSF: $306

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$115,465.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$154,066.58
Annual Debt Service$1,848,798.97