JLL Represents Miller Brothers In $10.6M North Orange County Office Sale
330 East Lambert Road, Brea, California 92821, United States
$10,576,112
$234/SF
Building Size
45,051 SF
Asset Type
Office
Closing
May 11, 2022
AI
Located in North Orange County, the office property located at 330 E. Lambert Rd. has been sold in a recent transaction. The sale was facilitated by Mark DeGiorgio and Blake Bokosky of JLL, who represented the seller, Miller Brothers. The transaction took place on 05/12/2022.
Summary of transaction details
- Property Type: Office
- Sale Price: $10,576,112 (including assumed PACE Financing of approximately $1,000,000)
- Square Footage: 45,051 SF
- Price per Square Foot: $234 (approximately $261 per square foot with PACE Financing)
- Address: 330 E. Lambert Rd., North Orange County
The property, with a total area of 45,051 square feet, was sold for a price of $10,576,112, including assumed PACE Financing of approximately $1,000,000. The sale price translates to a price per square foot of $234, or approximately $261 per square foot with PACE Financing. The office property is located at 330 E. Lambert Rd. in North Orange County.
Representing the seller, Miller Brothers, in the transaction were Mark DeGiorgio and Blake Bokosky of JLL. Their expertise and assistance were crucial in facilitating the sale.
Players
Brea 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93