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10912 Katella Avenue

OC Freedomhouse Church Acquires Retail Building In Anaheim For $18M
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OC Freedomhouse Church Acquires Retail Building In Anaheim For $18M

10912 Katella Avenue

$18,000,000

$388/SF

Building Size

46,287 SF

Asset Type

Retail

Closing

May 14, 2024

AI

The $18 million sale of a 46,287-square-foot retail building located at 10912 Katella Avenue in Anaheim has been successfully transacted. The asset, originally a Walmart Neighborhood Market, was acquired by OC Freedomhouse Church from a private investor. The deal was facilitated by Blaine Bush of Strategic Retail Advisors.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $18,000,000
  • Address: 10912 Katella Avenue
  • Market: Anaheim
  • Square Footage: 46,287
  • Price Per Square Foot: $389
  • Buyer: OC Freedomhouse Church
  • Broker: Blaine Bush - Strategic Retail Advisors

Strategic Retail Advisors orchestrated the sale of the retail property by connecting OC Freedomhouse Church with the seller. Blaine Bush played a crucial role in ensuring the smooth execution of the transaction, showcasing his expertise in the real estate market.

Players

Blaine Bush

Strategic Retail Advisors

Broker

$18M

vol

1 deal

Broker

Los Alamitos Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93