Buchanan Street Partners Acquires Laguna Hills Office For $28.1M
SOLD
$28,100,000
California
See Similar DealsOffice120 SF
Sold 12/21/2022
SOLD
Buchanan Street Partners Acquires Laguna Hills Office For $28.1M
24422 Avenida De La Carlota, Laguna Hills, California 92653, United States
See Similar DealsOffice120 SF
Sold 12/21/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$234,166
Total Square Footage:120 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,498,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$99,833.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$133,208.34
Annual Debt Service$1,598,500.03
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