Updated Oct 29, 2024
Prosper Real Estate Acquires Property From Harbor Associates LLC For $11.7M In Lake Forest
25371 Commercentre Dr, Lake Forest...
$11,700,000
$315/SF
Building Size
37,090 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in the transaction is located at 25371 Commercentre Dr, Lake Forest, in the Lake Forest market. The transaction price was $11,700,000.00 for a total of 37,090 square feet.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $11,700,000.00
- Address: 25371 Commercentre Dr, Lake Forest
- Market: Lake Forest
- Buyer: Prosper Real Estate
- Seller: Harbor Associates LLC
- Buyer's Representative: David Lee - Globridge Realty
- Seller's Representatives: Doug Mack, Gary Stache - CBRE
Key individuals involved in the transaction include David Lee, representing the buyer, Prosper Real Estate, and the seller is represented by Doug Mack and Gary Stache of CBRE, representing Harbor Associates LLC.
Players
Lake Forest 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93