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7001 Village Drive

Updated Oct 29, 2024

Stanton Road Capital Acquires Office Campus In Buena Park For $22.2M
SOLDOffice

Stanton Road Capital Acquires Office Campus In Buena Park For $22.2M

7001 Village Drive

$22,200,000

$157/SF

Building Size

141,387 SF

Asset Type

Office

Closing

Nov 8, 2018

About this deal

AI

An institutional-quality, two-building office campus in Buena Park, Orange County has been sold for $22,200,000. The property, located at 7000 & 7001 Village Drive, spans a total of 141,387 square feet, resulting in a price per square foot of $157. The transaction took place on November 8, 2018. The buyer, Stanton Road Capital LLC, acquired the property from Westcore Properties. The deal was facilitated by Kevin Shannon and Sean Fulp from TeamShannonPCG.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $22,200,000
  • Square Footage: 141,387
  • Price Per Square Foot: $157
  • Date: November 8, 2018
  • Location: 7000 & 7001 Village Drive, Buena Park, Orange County
  • Buyer: Stanton Road Capital LLC
  • Seller: Westcore Properties
  • Brokers: Kevin Shannon and Sean Fulp from TeamShannonPCG

This sale represents an important acquisition in the Orange County office market. The institutional-quality office campus offers a significant amount of space and a favorable price per square foot. Kevin Shannon and Sean Fulp from TeamShannonPCG played a key role in facilitating the transaction.

Players

Kevin Shannon

Newmark

Broker

$9.3B

vol

139 deals

Broker
WP
Westcore PropertiesSeller

Buena Park Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $157 per square foot on a published $22.2M for 141,387 square feet (2018).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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