Tabani Group Acquires Santa Ana Retail Property For $16.7M
SOLD
$16,679,750
California
See Similar DealsRetail107,000 SF
Sold 12/04/2023
SOLD
Tabani Group Acquires Santa Ana Retail Property For $16.7M
1351 West 17th Street
See Similar DealsRetail107,000 SF
Sold 12/04/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$155
Total Square Footage:107,000 SF
Transaction Type:Sale
The retail property located at 1351 West 17th Street in Santa Ana has been sold in a recent transaction. The property spans an area of 107,000 square feet and was sold for a price of $16,679,750, resulting in a price per square foot of $156. The sale was completed on 12/04/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,679,750
- Square Footage: 107,000
- Price per Square Foot: $156
- Address: 1351 West 17th Street, Santa Ana
- Market: Santa Ana
The buyer of the property is Tabani Group, while the seller is Edgewood Center. The sale was facilitated by brokers Daniel Tyner, Gleb Lvovich, and Geoff Tranchina from JLL.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$889,586.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,259.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,070.52
Annual Debt Service$948,846.30
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