MW Investment Group Acquires Office Building In Los Alamitos For $26.5M
SOLD
$26,500,000
California
See Similar DealsOffice88,000 SF
Sold 01/12/2022
SOLD
MW Investment Group Acquires Office Building In Los Alamitos For $26.5M
4665 Lampson Avenue, Los Alamitos, California 90720, United States
See Similar DealsOffice88,000 SF
Sold 01/12/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$301
Total Square Footage:88,000 SF
Transaction Type:Sale
The sale of an office property in Los Alamitos has been finalized. The property, located at 4665 Lampson Ave, spans over an impressive 12.4 acres. MW Investment Group acquired the property from the U.S. Department of Education, completing the transaction on January 12, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $26,500,000
- Size: 88,000 square feet
- Price per Square Foot: $301
- Address: 4665 Lampson Ave
- Market: Los Alamitos
The buyer, MW Investment Group, was represented by their broker in the deal. The seller, U.S. Department of Education, also had their representative involved in the transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$94,148.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,623.52
Annual Debt Service$1,507,482.24
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