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
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