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2400 East Katella Avenue

Henry & Susan Samueli Acquire Stadium Tower Office In Anaheim From CalSTRS And CBRE For $72.1M
SOLDOffice

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

Cassandra Lichnock

California State Teachers’ Retirement System

Seller

$616.1M

vol

4 deals

Seller

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