Doro Venture Acquires Retail Property In Buena Park For $53M
8191 La Palma Avenue
$53,000,000
$254/SF
Building Size
208,572 SF
Asset Type
Retail
Closing
Dec 8, 2023
AI
Doro Venture has acquired a retail property located at 8191 La Palma Avenue, Buena Park, in a transaction facilitated by JLL representatives Bryan Ley, Daniel Tyner, Gleb Lvovich, and Geoff Tranchina. The property spans 208,572 square feet and was sold by SITE Centers for a total price of $53,000,000, resulting in a price per square foot of $254.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $53,000,000
- Address: 8191 La Palma Avenue, Buena Park
- Market: Buena Park
- Buyer: Doro Venture
- Seller: SITE Centers
- Brokers: Bryan Ley, Daniel Tyner, Gleb Lvovich, and Geoff Tranchina - JLL
- Size: 208,572 square feet
- Price Per Square Foot: $254
This transaction highlights the successful collaboration between Doro Venture as the buyer and SITE Centers as the seller. The involvement of JLL representatives Bryan Ley, Daniel Tyner, Gleb Lvovich, and Geoff Tranchina further facilitated the deal, showcasing their expertise in the retail market. The acquisition of this retail property in Buena Park represents a significant investment opportunity for Doro Venture.
Players
Buena Park 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93