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7050 Village Drive

Buchanan Street Partners Acquires 301K SF Office Property In Buena Park For $71M
SOLDOffice

Buchanan Street Partners Acquires 301K SF Office Property In Buena Park For $71M

7050 Village Drive

$71,000,000

$235/SF

Building Size

301,328 SF

Asset Type

Office

Closing

Oct 17, 2023

AI

Buchanan Street Partners acquired a 301,328 sq ft office property located at 7050-7150 Village Drive in Buena Park, Orange County. The transaction was completed on October 17, 2023, with a sale price of $71 million. The property, situated in the Buena Park market, provides ample office space.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $71,000,000
  • Square Footage: 301,328 sq ft
  • Address: 7050-7150 Village Drive
  • Market: Buena Park

This significant deal involved Buchanan Street Partners, represented by Timothy J. Ballard, as the buyer. The seller of the office property was TA Realty LLC. The purchase of this fully occupied property marks a notable transaction within the Buena Park office market.

Players

Buchanan Street Partners
Buchanan Street PartnersBrokerage

Timothy Ballard

Buchanan Street Partners

Buyer

$129.5M

vol

8 deals

Buyer
TA Realty
TA RealtySeller

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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93