Updated Oct 28, 2024
LPC West & TriGate Capital Acquire Office Property In Orange For $97.2M
500 S Main St, Orange, CA 92868
$97,200,000
$603/SF
Building Size
161,066 SF
Asset Type
Office
Closing
Mar 10, 2022
About this deal
AI
The office property located at 500 South Main Street in Orange has been sold. The property spans across 7.6 acres.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $97,200,000
- Date: 03/11/2022
The buyer of the property is LPC West & TriGate Capital, represented by Jay Henry, Jon Pettee, and Jeff Yarckin. They acquired the property from the seller, WCB Properties. The sale was facilitated by the brokerage firm CBRE.
The office sale at 500 S Main St, Orange, CA 92868 in Santa Ana, California sold for $97.2M in 2022. The building is 161,066 square feet, implying about 603 per square foot on the published price. This page is the Santa Ana, California file for the 500 S Main St, Orange, CA 92868 office sold: pricing, party profiles, and other closed office comps from the same Santa Ana sit in the Market section below. Filter that Santa Ana office set by closing date to see what else sold near 500 S Main St, Orange, CA 92868 around 2022. Published consideration for 500 S Main St, Orange, CA 92868 is $97.2M, dated 2022. Cite this LPC West & TriGate Capital Acquire Office Property In Orange For $97.2M sale when underwriting similar office product around Santa Ana, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93