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.
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