Updated Nov 28, 2024
Prologis Inc. Acquires Office Property In Orange County For $96M
25500 Commercentre Drive, Lake Forest, California 92630, United States
$96,000,000
$297/SF
Building Size
322,262 SF
Asset Type
Office
Closing
Jan 19, 2022
About this deal
AI
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.
On the Map
$96,000,000
$297/SF
Office
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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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93