Updated Oct 29, 2024
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
Buena Park 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93