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JLL Represents Miller Brothers In $10.6M North Orange County Office Sale

Property Image
SOLD
$10,576,112

California

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Office45,051 SF
Sold 05/12/2022
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Property Image
SOLD

JLL Represents Miller Brothers In $10.6M North Orange County Office Sale

330 East Lambert Road, Brea, California 92821, United States

See Similar Deals
Office45,051 SF
Sold 05/12/2022
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$234
Total Square Footage:45,051 SF
Transaction Type:Sale

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

Blake Bokosky
7 deals$645.8M volume
BROKER

Mark DeGiorgio
Institutional Property Advisors
12 deals$626M volume(424) 405-3860
BROKER

Details

SOLD
IMAGE: Mark DeGiorgio & Blake Bokosky DATE: 05/12/2022 ADDRESS: 330 E. Lambert Rd. MARKET: North Orange County ASSET TYPE: Office SELLER: Miller Brothers BROKERS: Mark DeGiorgio & Blake Bokosky (@BBokosky) - JLL (@JLL) SALE PRICE: $10,576,112 (PACE Financing Assumed ±$1,000,000) SF: 45,051 ~ PPSF: $234$261 PPSF with PACE Financing)

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

$564,059.30

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,574.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,136.17
Annual Debt Service$601,634.00