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8191 La Palma Avenue

Doro Venture Acquires Retail Property In Buena Park For $53M
SOLDRetail

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

Bryan Ley

NorthMarq

Broker

$732.6M

vol

21 deals

Broker
SITE Centers
SITE CentersSeller

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