Newmark Brokers Sell Foothill Ranch Office Buildings For $50M
27051 Towne Centre Drive, Foothill Ranch, Lake Forest, CA, USA
$50,000,000
$238/SF
Building Size
210,083 SF
Asset Type
Office
Closing
Nov 3, 2021
AI
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
Foothill Ranch 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93