Henry & Susan Samueli Acquire Stadium Tower Office In Anaheim From CalSTRS And CBRE For $72.1M
2400 East Katella Avenue
$72,134,000
$275/SF
Building Size
261,939 SF
Asset Type
Office
Closing
Jun 6, 2025
AI
The property involved in the transaction is Stadium Tower, an office asset located at 2400 East Katella Avenue in Anaheim. The sale price reached $72,134,000, which equates to approximately $275 per square foot, covering a total area of 261,939 square feet. This Class A office tower is situated near notable venues such as Honda Center and Angel Stadium.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $72,134,000
- Square Footage: 261,939
- Price Per Square Foot: $275
- Buyer: Henry & Susan Samueli
- Seller: Cassandra Lichnock - CalSTRS (California State Teachers’ Retirement System); Bob Sulentic - CBRE Global Investors
- Date of Sale: 06/06/2025
- Market: Anaheim
The transaction highlights the involvement of the Samueli family as buyers, who acquired the property from an entity that included both CalSTRS, represented by Cassandra Lichnock, and CBRE Global Investors, represented by Bob Sulentic. This acquisition marks a significant office deal within Orange County, underlining the Samuelis’ ongoing commitment to the region.
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93