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24361 El Toro Road

Healthcare Realty Trust Inc. Acquires Office Property In Laguna Woods For $13.1M
SOLDOffice

Healthcare Realty Trust Inc. Acquires Office Property In Laguna Woods For $13.1M

24361 El Toro Road

$13,100,000

$250/SF

Building Size

52,400 SF

Asset Type

Office

Closing

Feb 21, 2021

AI

Healthcare Realty Trust Inc. has acquired an office asset in Laguna Woods for a price of $13,100,000. The property, located at 24361 El Toro Road, spans across 52,400 square feet and was sold on February 22, 2021. The sale price translates to a per square foot value of $250. The transaction was facilitated by CBRE.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $13,100,000
  • Square Footage: 52,400
  • Price per Square Foot: $250
  • Address: 24361 El Toro Road
  • Market: Laguna Woods

Kris Douglas, Rob Hull, John Bryant Jr., Todd Meredith, and David Emery represented Healthcare Realty Trust Inc. as the buyers in this transaction. The acquisition was completed with the assistance of CBRE, who acted as the brokers. The deal highlights the active involvement of these key individuals and companies in the Laguna Woods office market.

Players

Todd Meredith

Healthcare Realty Trust

Buyer

$58M

vol

3 deals

Buyer
HI
Healthcare Realty Trust IncBuyer

Laguna Woods 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

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93