Updated Oct 29, 2024
KA Enterprises Acquires Retail Property In Lake Forest For $12.1M
21701 Lake Forest Drive, Lake Forest, CA, USA
$12,100,000
$384/SF
Building Size
31,503 SF
Asset Type
Retail
Closing
Jan 6, 2021
About this deal
AI
The retail property located at 21701 & 21721 Lake Forest Drive in Lake Forest has been sold for $12,100,000. The asset spans a total of 31,503 square feet, resulting in a price per square foot of $384. The transaction took place on January 7, 2021. The property is occupied by tenants including 7-Eleven and Subway.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $12,100,000
- Address: 21701 & 21721 Lake Forest Drive
- Market: Lake Forest
- Square Footage: 31,503
The buyer of the property is KA Enterprises, while the seller is Dana Lake Forest LP. The deal was facilitated by brokers Fouy Ly from Kidder Mathews and John Moss from Parker Commercial.
On the Map
$12,100,000
$384/SF
Retail
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Players
Lake Forest 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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93