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2700 North Main Street

Philip Rahimzadeh Acquires Office Building On 2700 North Main Street In Santa Ana For $18.6M
SOLDOffice

Philip Rahimzadeh Acquires Office Building On 2700 North Main Street In Santa Ana For $18.6M

2700 North Main Street

$18,600,000

$162/SF

Building Size

114,598 SF

Asset Type

Office

Closing

Jan 16, 2024

AI

The office property at 2700 North Main Street in Santa Ana has been sold for $18,600,000. The property spans a total of 114,598 square feet, resulting in a price per square foot of $162. The transaction took place on January 16, 2024.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $18,600,000
  • Address: 2700 North Main Street, Santa Ana
  • Market: Santa Ana
  • Square Footage: 114,598
  • Price per Square Foot: $162

Philip Rahimzadeh purchased the property from Anthony Hoff. The buyer was represented by Daniel Hirth and Alex Reyhan from The Hirth Group. The seller was represented by Nico Napolitano, Rick Ellison, and Jeffrey Cole from Cushman & Wakefield.

Players

Alex Reyhan

The Hirth Group

Broker

$180.8M

vol

46 deals

Broker

Philip Rahimzadeh

Buyer

$81.9M

vol

4 deals

Buyer

Santa Ana 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

0.85%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93