Updated Oct 29, 2024
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
About this deal
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
Santa Ana 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93