Private Investor Acquires Property In Santa Ana For $20.1 Million With Seller's Rep Mark Thiel And Adam Attia
2840 S Bristol St, Santa Ana, CA, 92704
$20,100,000
Building Size
—
Asset Type
Retail
Closing
Jul 18, 2018
AI
The property asset involved in this transaction is a two-tenant triple-net-leased retail center located at 2840 S Bristol St, Santa Ana, CA, 92704. The price for the property was $20,100,000.00. The total square footage is not specified, and the market for this transaction is Santa Ana.
Summary of transaction details:
- Property Type: Retail Center
- Transaction Amount: $20,100,000.00
- Address: 2840 S Bristol St, Santa Ana, CA, 92704
- Market: Santa Ana
- Seller's Representatives: Mark Thiel (Marcus & Millichap), Adam Attia (Marcus & Millichap)
- Buyer: Private Investor
The brokerage team from Marcus & Millichap arranged the sale, with Mark Thiel serving as the senior vice president of investments. Both Thiel and Senior Associate Adam Attia played vital roles in representing the seller and procuring the buyer for this deal.
Players
Santa Ana 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93