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.
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