Updated Oct 29, 2024
Padma Laxmi LLC Acquires Office Building In Tustin For $20.8M
2742 Dow Ave, Tustin, CA, USA
$20,800,000
$403/SF
Building Size
51,588 SF
Asset Type
Office
Closing
Sep 29, 2020
About this deal
AI
2742 Dow Ave, an office property located in Tustin, was recently sold in a transaction. The property spans a total area of 51,588 square feet, with a price per square foot of $403. The transaction took place on September 30, 2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $20,800,000
- Address: 2742 Dow Ave
- Market: Tustin
The buyer of the property is Padma Laxmi LLC, while the seller is Dow Owner LLC, represented by Cress Capital. Colliers International, represented by Richard Schwartz and Joey Reaume, acted as the buyer's representatives in the deal. On the other hand, CBRE's Anthony DeLorenzo served as the seller's representative.
On the Map
$20,800,000
$403/SF
Office
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Players
Tustin 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93