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Newmark Brokers Sell Foothill Ranch Office Buildings For $50M

Property Image
SOLD
$50,000,000
Brunson Howard
Paul Jones
Kevin Shannon
+ 2

California

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Office210,083 SF
Sold 11/03/2021
the dealplayerscompscontact
Property Image
SOLD

Newmark Brokers Sell Foothill Ranch Office Buildings For $50M

27051 Towne Centre Drive, Foothill Ranch, Lake Forest, CA, USA

See Similar Deals
Office210,083 SF
Sold 11/03/2021
Brunson Howard
Paul Jones
Kevin Shannon
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$238
Total Square Footage:210,083 SF
Transaction Type:Sale

The office property located at 27051 & 27121 Towne Centre Drive in Foothill Ranch has been sold for $50,000,000. The transaction took place on 11/03/2021. The property spans a total of 210,083 square feet, resulting in a price per square foot of $238.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $50,000,000
  • Address: 27051 & 27121 Towne Centre Drive
  • Market: Foothill Ranch

The sale of this office property was handled by brokers Kevin Shannon, Paul Jones, Brunson Howard, Ken White & Brandon White from Newmark. They played a vital role in facilitating the transaction.

Players

Brandon White
Newmark
Brandon White
19 deals$901.6M volume(949) 608-2113
BROKER
Ken White
Newmark
Ken White
96 deals$6.1B volume
BROKER
Paul Jones
Newmark
Paul Jones
26 deals$1.3B volume
BROKER
Kevin Shannon
Newmark
Kevin Shannon
136 deals$9.1B volume
BROKER
Brunson Howard
Newmark
Brunson Howard
12 deals$1.1B volume
BROKER

Details

SOLD
IMAGE: Kevin Shannon, Paul Jones, Brunson Howard, Ken White & Brandon White DATE: 11/03/2021 ADDRESS: 27051 & 27121 Towne Centre Drive MARKET: Foothill Ranch ASSET TYPE: Office BROKERS: Kevin Shannon, Paul Jones, Brunson Howard, Ken White & Brandon White - Newmark SALE PRICE: $50,000,000 SF: 210,083 ~ PPSF: $238

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

$2,666,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11