Automotive Properties REIT Acquires Package Deal From BLT Enterprises For $30.15M In Santa Ana
Auto Mall Drive
$30,150,000
$492/SF
Building Size
61,181 SF
Asset Type
Package Deal
Closing
Apr 7, 2026
AI
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
Santa Ana Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93