Updated Dec 3, 2024
Amazon Acquires Office Building In Santa Ana For $63.2M
625 North Grand Avenue, Santa Ana, CA, USA
$63,179,500
$343/SF
Building Size
184,086 SF
Asset Type
Office
Closing
Oct 18, 2020
About this deal
AI
The office building located at 625 N. Grand Ave. in Santa Ana, California has been sold in a recent transaction. The property, owned by Michael F. Harrah, was purchased by Amazon. The transaction took place on October 19, 2020, for a total price of $63,179,500. The office building is situated in the Santa Ana market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $63,179,500
- Address: 625 N. Grand Ave.
- Market: Santa Ana
- Buyer: Amazon
- Seller: Michael F. Harrah
The sale of this office building represents a significant transaction in the Santa Ana market. Amazon, one of the world's largest companies, has acquired the property from Michael F. Harrah. This deal highlights the ongoing demand for office spaces in Santa Ana and showcases Amazon's continued investment in the area.
Players
Santa Ana Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93