facebook
Traded Co logo
Submit

Charles Davonte Purchases Retail Asset From Morris Goldman In Anaheim For $4.65 Million

Property Image
SOLD
$4,650,000
Daniel Hirth
Alex Reyhan

California

See Similar Deals
Retail4,840 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Charles Davonte Purchases Retail Asset From Morris Goldman In Anaheim For $4.65 Million

2525 East Ball Road

See Similar Deals
Retail4,840 SF
Sold
Daniel Hirth
Alex Reyhan
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$960
Total Square Footage:4840 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail establishment located at 2525 East Ball Road, Anaheim. The sale price for the property was $4,650,000, and it encompasses an area of 4,840 square feet situated on approximately ±38,370 square feet of land. The asset is positioned at a signalized intersection, benefiting from exposure to around ±80,000 vehicles per day, and offers exceptional regional accessibility.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,650,000
  • Sale Date: 02/20/2026
  • Buyer: Charles Davonte
  • Seller: Morris Goldman
  • Broker Representatives: Daniel Hirth & Alex Reyhan - The Hirth Group
  • Square Footage: 4,840
  • Price Per Square Foot: $960
  • CAP Rate: 5.05%

The deal was executed through a 25-year absolute ground lease, which ensures passive ownership and long-term income stability for the investor. The Hirth Group effectively brought this property to market before the car wash commenced operations, generating multiple competitive offers during the pre-stabilization phase of the asset.

Players

Alex Reyhan
The Hirth Group
Alex Reyhan
47 deals$187M volume
BROKER
Daniel Hirth
The Hirth Group
Daniel Hirth
71 deals$222.8M volume
BROKER

Details

SOLD
IMAGE: Daniel Hirth & Alex Reyhan DATE: 02/20/2026 ADDRESS: 2525 East Ball Road MARKET: Anaheim ASSET TYPE: Retail BUYER: Charles Davonte SELLER: Morris Goldman BROKERS: Daniel Hirth (@DHirth5) & Alex Reyhan (@Reyhan___Alex) - The Hirth Group (@HirthGroup) SALE PRICE: $4,650,000 SF: 4,840 ~ PPSF: $960 NOTE FROM BROKER: The property consists of a newly constructed, institutional-quality express car wash situated on approximately ±38,370 square feet of land with ±4,840 square feet of improvements. Strategically located at the signalized intersection of E Ball Road and Sunkist Street, just off the 57 Freeway, the asset benefits from exposure to approximately ±80,000 vehicles per day and exceptional regional accessibility. Positioned within one of Orange County’s most dynamic trade areas, the property is located approximately 2.5 miles from Disneyland Resort, in close proximity to the Honda Center, and approximately 1.5 miles from Angel Stadium. The surrounding Platinum Triangle and Anaheim Resort District continue to experience significant public and private investment, reinforcing long-term fundamentals and sustained consumer traffic in the immediate corridor. ​ The asset is secured by a 25-year absolute ground lease, providing true passive ownership with zero landlord responsibilities and long-term income stability. Notably, The Hirth Group brought the property to market prior to the car wash opening to the public, successfully generating multiple competitive offers during pre-stabilization. In a capital markets environment characterized by elevated interest rates, cautious underwriting, and limited transaction velocity, the team executed an all-cash closing at a 5.05% CAP rate.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$247,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,520.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,043.37
Annual Debt Service$264,520.47