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
Santa Ana 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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93