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765 The City Drive South

Astiva Health Inc. Acquires Office Building In Orange For $23.3M
SOLDOffice

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

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

John Scruggs

CBRE

Broker

$133.7M

vol

5 deals

Broker

Angelo Gordon

Lincoln Property Company

Seller

$1.8B

vol

23 deals

Seller

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