Updated Dec 4, 2024
Astiva Health Inc. Acquires Office Building In Orange For $23.3M
765 The City Drive South
$23,300,000
$233/SF
Building Size
99,835 SF
Asset Type
Office
Closing
Sep 25, 2023
About this deal
AI
The office property located at 765 The City Drive South in Orange has been sold for a total price of $23,300,000. The property spans a total of 99,835 square feet, resulting in a price per square foot of $233. Astiva Health Inc. has acquired the property from Angelo Gordon.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $23,300,000
- Address: 765 The City Drive South, Orange
- Square Footage: 99,835
The buyer's representatives in the deal were Daniel Nabavi and John Scruggs from CBRE. On the other hand, Robin Singh and Garrick Shupe from Lincoln Property Company represented the seller, Angelo Gordon.
Players
Market 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93