Kingsbarn Real Estate Capital Acquires Lake Forest Office For $40.5M
25531 Commercentre Dr, Lake Forest, CA, USA
$40,500,000
$260/SF
Building Size
155,795 SF
Asset Type
Office
Closing
Jun 3, 2020
AI
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
Lake Forest Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93