Prologis Inc. Acquires Office Property In Orange County For $96M
SOLD
$96,000,000
California
See Similar DealsOffice322,262 SF
Sold 01/20/2022
SOLD
Prologis Inc. Acquires Office Property In Orange County For $96M
25500 Commercentre Drive, Lake Forest, California 92630, United States
See Similar DealsOffice322,262 SF
Sold 01/20/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$297
Total Square Footage:322,262 SF
Transaction Type:Sale
Prologis Inc has acquired an office property in Orange County for a total price of $96,000,000. The transaction took place on 01/20/2022 and involved the property located at 25500-25550 Commercentre Drive. The asset spans a total area of 322,262 square feet, resulting in a price per square foot of $297. The seller in this deal was Drawbridge Realty.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $96,000,000
- Square Footage: 322,262
- Address: 25500-25550 Commercentre Drive
- Market: Orange County
Cushman & Wakefield's Jason Ward represented Prologis Inc as their buyer's representative in this transaction. No additional information regarding other individuals or companies involved in the deal was provided.
Players
BUYER
SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,119,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$341,067.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$455,088.98
Annual Debt Service$5,461,067.72
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