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BR Group Of Hotels Inc. Acquires Retail Property In Orange For $4.3M From Seller Bettec., Corp

Property Image
SOLD
$4,275,000
Martin Agnew
Avi Narang
+ 2

California

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Retail80,209 SF
Sold 10/04/2019
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Property Image
SOLD

BR Group Of Hotels Inc. Acquires Retail Property In Orange For $4.3M From Seller Bettec., Corp

804 East Lincoln Avenue, Orange, CA, USA

See Similar Deals
Retail80,209 SF
Sold 10/04/2019
Martin Agnew
Avi Narang
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$53
Total Square Footage:80,209 SF
Transaction Type:Sale

The retail property located at 804-846 E Lincoln Ave in Orange was recently sold on October 4, 2019. The property, with a size of 80,209 square feet, was sold for a total price of $4,275,000, resulting in a price per square foot of $53.30. The transaction involved 22 units, with each unit being valued at approximately $194,318.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,275,000
  • Address: 804-846 E Lincoln Ave, Orange
  • Market: Orange
  • Square Footage: 80,209

The buyer, BR Group of Hotels Inc., represented by Rashmi Patel, acquired the property from the seller, Bettec., Corp, who were represented by Wilson Park and Jack Silverman. The transaction was facilitated by brokers Aaron Goodman, Ryan Serling, Martin Agnew, and Avi Narang from BRC Advisors.

Players

Aaron Goodman
5 deals$19M volume(818) 212-2782
BROKER

Martin Agnew
Marcus & Millichap
119 deals$436.8M volume
BROKER

Ryan Rothstein-Serling
Marcus & Millichap
122 deals$509.8M volume(818) 212-2725
BROKER

Avi Narang
BRC Advisors
3 deals$26.7M volume
BROKER

Details

SOLD
IMAGE: Martin Agnew @martyagnew, Aaron Goodman & Ryan Serling @ryanrs14 @agnewserlinggroup DATE: 10/04/2019 ADDRESS: 804-846 E Lincoln Ave MARKET: Orange ASSET TYPE: Retail BUYER: BR Group of Hotels Inc. - Rashmi Patel SELLER: Bettec., Corp - Wilson Park and Jack Silverman BROKERS: Aaron Goodman, Ryan Serling, Martin Agnew, Avi Narang - BRC Advisors PRICE: $4,275,000 SF: 80,209 ~ PPSF: $53.30 UNITS: 22 PPU: $194,318

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$228,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,188.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,265.68
Annual Debt Service$243,188.17