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Bisco Industries Acquires Office Property In Anaheim For $31M
SOLD
$31,000,000
California
See Similar DealsOffice168,994 SF
Sold 11/15/2023
SOLD
Bisco Industries Acquires Office Property In Anaheim For $31M
5037 East Hunter Avenue & 5065 East Hunter Avenue
See Similar DealsOffice168,994 SF
Sold 11/15/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$183
Total Square Footage:168,994 SF
Transaction Type:Sale
Bisco Industries recently acquired its 84,497 sq ft industrial headquarters in Orange County for $31 million from a private family trust. The property, located at 5037-5065 E Hunter Ave. in Anaheim, encompasses a total of 4.65 acres. This transaction reflects positive growth in the region's industrial market and contributes to a series of recent acquisitions in Orange County.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $31,000,000
- Address: 5037-5065 East Hunter Avenue, Anaheim
- Market: Anaheim
- Asset Type: Office
- Acres: 4.65
The buyer, Bisco Industries, represented by Glen Ceiley, completed the acquisition of the industrial headquarters. This significant purchase further solidifies Bisco Industries' presence in Orange County and demonstrates their confidence in the region's industrial market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,955.82
Annual Debt Service$1,763,469.79
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