facebook

traded

+ Submit
Home

/

Deals

/

California

/

Office

/

Sale

/

3330 Harbor Boulevard, Cost...

Paris Baguette Acquires Office Building In Costa Mesa For $16.6M With Buyer's Rep CBRE
SOLDOffice

Paris Baguette Acquires Office Building In Costa Mesa For $16.6M With Buyer's Rep CBRE

3330 Harbor Boulevard, Costa Mesa, California 92626, United States

$16,578,915

$307/SF

Building Size

53,908 SF

Asset Type

Office

Closing

Jan 11, 2022

AI

Paris Baguette has acquired an office asset located at 3330 Harbor Blvd. in Costa Mesa. The property spans 53,908 square feet and was sold by Donald Hecht for a total price of $16,578,915. This translates to a price per square foot of $307.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $16,578,915
  • Date: 01/11/2022
  • Address: 3330 Harbor Blvd., Costa Mesa
  • Market: Costa Mesa

The buyer, Paris Baguette, was represented by Kyle Woods, Bill Durslag, Simon Mattox, Austin Wolitarsky, and Dan Riley from CBRE's Socal Retail Investment Sales & Leasing Advisory. The seller in the deal was Donald Hecht.

Players

Simon Mattox

Kidder Mathews

Broker

$414.9M

vol

20 deals

Broker
PB
Paris BaguetteBuyer

Costa Mesa 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

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93