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24422 Avenida De La Carlota...

Buchanan Street Partners Acquires Laguna Hills Office For $28.1M
SOLDOffice

Buchanan Street Partners Acquires Laguna Hills Office For $28.1M

24422 Avenida De La Carlota, Laguna Hills, California 92653, United States

$28,100,000

$234,166/SF

Building Size

120 SF

Asset Type

Office

Closing

Dec 21, 2022

AI

The property involved in this closed transaction is an office located at 24422 Avenida De La Carlota in Laguna Hills. The transaction took place on December 21, 2022. The property spans 120,354 square feet and is located in the Laguna Hills market. The property was sold for a total price of $28,100,000, resulting in a price per square foot of $233.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $28,100,000
  • Address: 24422 Avenida De La Carlota, Laguna Hills
  • Market: Laguna Hills
  • Square Footage: 120,354
  • Price Per Square Foot: $233

The buyer in this transaction was Buchanan Street Partners. The brokers involved in the deal were Kevin Shannon, Paul Jones, and Brandon White from Newmark.

Players

Brandon White

Newmark

Broker

$901.6M

vol

19 deals

Broker
Buchanan Street Partners
Buchanan Street PartnersBrokerage
Buchanan Street Partners
Buchanan Street PartnersBuyer

Laguna Hills Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93