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Kingsbarn Real Estate Capital Acquires Lake Forest Office For $40.5M

Property Image
SOLD
$40,500,000
Paul Jones
Kevin Shannon
Brandon White
+ 1

California

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Office155,795 SF
Sold 06/03/2020
the dealplayerscompscontact
Property Image
SOLD

Kingsbarn Real Estate Capital Acquires Lake Forest Office For $40.5M

25531 Commercentre Dr, Lake Forest, CA, USA

See Similar Deals
Office155,795 SF
Sold 06/03/2020
Paul Jones
Kevin Shannon
Brandon White
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$260
Total Square Footage:155,795 SF
Transaction Type:Sale

The office property located at 25531 Commercentre Dr. in Lake Forest has been sold. The transaction took place on 06/03/2021.

Summary of transaction details

  • Property Type: Office
  • Sale Price: $40,500,000
  • Square Footage: 155,795
  • Market: Lake Forest

The buyer of the property is Kingsbarn Real Estate Capital, represented by Jeff Pori. The seller is Bailard Real Estate Fund, represented by Sonya Thadhani Mughal. The deal was facilitated by brokers Kevin Shannon, Paul Jones, and Brandon White from Newmark.

The property was sold at a price of $40,500,000, with a price per square foot of $259.

Players

Brandon White
Newmark
Brandon White
19 deals$901.6M volume(949) 608-2113
BROKER
Paul Jones
Newmark
Paul Jones
26 deals$1.3B volume
BROKER
Kevin Shannon
Newmark
Kevin Shannon
136 deals$9.1B volume
BROKER
Jeff Pori
Jeff Pori
7 deals$432.6M volume
BUYER
Jeff Pori
Jeff Pori
7 deals$432.6M volume
BUYER
Jeff Pori
Jeff Pori
7 deals$432.6M volume
BUYER

Details

SOLD
IMAGE: Kevin Shannon, Sonya Thadhani Mughal, Paul Jones, Jeff Pori & Brandon White DATE: 06/03/2021 ADDRESS: 25531 Commercentre Dr. MARKET: Lake Forest ASSET TYPE: Office BUYER: Kingsbarn Real Estate Capital - Jeff Pori SELLER: Bailard Real Estate Fund - Sonya Thadhani Mughal BROKERS: Kevin Shannon, Paul Jones & Brandon White - Newmark SALE PRICE: $40,500,000 SF: 155,795 ~ PPSF: $259

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,160,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$143,887.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$191,990.66
Annual Debt Service$2,303,887.95