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35,200-SF Office Building Fetches $3.9M

ANAHEIM, CA-The buyer is Asset Management. The building is approximately 95% occupied. The property address is 501 North Brookhurst St. The capitalization rate on the deal is said to be just under 11%.

By Peter Landau | Updated on March 14, 2002

ANAHEIM, CA-Asset Management Consultants has purchased a 35,200-sf office building at 501 North Brookhurst St. here from a private investor based in San Luis Obispo, Calif. The sales price was $3.9 million.

The three-story office building, which has golf course views, is located near the 5 and 91 freeways. The building is approximately 95% occupied with tenants including Orange County’s Credit Union, The City of New York and the LDS Church.

The purchase provided the buyer with a capitalization rate of just under 11%. The three-story steel frame site sold for $110.80 per sf. The building features an exterior glass elevator with the rear of the building facing a golf course.

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