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

Property Image
SOLD
$71,000,000

California

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Office301,328 SF
Sold 10/17/2023
the dealplayerscompscontact
Property Image
SOLD

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

7050 Village Drive

See Similar Deals
Office301,328 SF
Sold 10/17/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$235
Total Square Footage:301,328 SF
Transaction Type:Sale

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 Partners
BROKERAGE
Timothy Ballard
Buchanan Street Partners
Timothy Ballard
7 deals$129.5M volume
BUYER
TA Realty
TA Realty
SELLER

Details

SOLD
IMAGE: Timothy J. Ballard DATE: 10/17/2023 ADDRESS: 7050-7150 Village Drive MARKET: Buena Park ASSET TYPE: Office BUYER: Buchanan Street Partners (@BuchananStreetPartners) - Timothy J. Ballard SELLER: TA Realty - SALE PRICE: $71,000,000 SF: 301,328 ~ PPSF: $236 NOTE: Buchanan Street Partners acquired a 301,328 sq ft office property in Buena Park, Orange County, for $71 million from TA Realty LLC. The property was almost fully occupied, and the purchase marked a significant transaction in the area's office market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,786,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$252,248.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$336,576.22
Annual Debt Service$4,038,914.67