Automotive Properties REIT Acquires Package Deal From BLT Enterprises For $30.15M In Santa Ana
SOLD
$30,150,000
California
See Similar DealsPackage Deal61,181 SF
Sold 04/07/2026
SOLD
Automotive Properties REIT Acquires Package Deal From BLT Enterprises For $30.15M In Santa Ana
Auto Mall Drive
See Similar DealsPackage Deal61,181 SF
Sold 04/07/2026
Summary
CALIFORNIA
Asset Type:Package Deal
Price Per Square Foot:$492
Total Square Footage:61,181 SF
Transaction Type:Sale
A package deal was transacted involving two properties located at 1425 & 1450 Auto Mall Drive in Santa Ana. The sale price for the properties was $30,150,000, with a total square footage of 61,181 and a price per square foot of $492.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $30,150,000
- Buyer: Automotive Properties REIT
- Seller: BLT Enterprises
- Brokers: Orbell Ovaness & Ara Rostamian - Marcus & Millichap
This transaction involved significant players in the real estate market, with Automotive Properties REIT acquiring the properties from BLT Enterprises. The brokers facilitating the sale were Orbell Ovaness and Ara Rostamian, representing the buyer and seller respectively within this deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,608,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$107,116.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,926.38
Annual Debt Service$1,715,116.58
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