facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

2212 E 4th St, Santa Ana, C...

IRA Capital Acquires Office Building In Santa Ana For $38.4M
SOLDOffice

IRA Capital Acquires Office Building In Santa Ana For $38.4M

2212 E 4th St, Santa Ana, CA 92705, USA

$38,400,000

$67/SF

Building Size

568,090 SF

Asset Type

Office

Closing

May 17, 2020

AI

The office property located at 2212 E. 4th St in Santa Ana was recently sold for a total of $38,400,000. The transaction involved a total area of 56,809 square feet, resulting in a price per square foot of $675. The property was purchased by IRA Capital from the seller, St. Joseph Hospital of Orange.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $38,400,000
  • Address: 2212 E. 4th St, Santa Ana
  • Market: Santa Ana
  • Square Footage: 56,809
  • Price per Square Foot: $675

The deal was facilitated by the following brokers from CBRE: Gary Stache, Anthony DeLorenzo, Doug Mack, Bryan Johnson, and Chris Martin. They acted as representatives for the buyer and seller, ensuring a successful transaction.

Players

Chris Martin

CBRE

Broker

$64.7M

vol

3 deals

Broker
IRA Capital
IRA CapitalBuyer

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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93