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
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