1541 Broadway & 1540, 1550, 1557 & 1565 W. Mable St., Anaheim
Address: 1541 Broadway & 1540, 1550, 1557 & 1565 W. Mable St., Anaheim, CA
Description: A ±62,500 sq. ft. of buildings on ±4.8 acres of industrial land
Buyer: Fairmont Schools HAC LLC
Seller: Holt Family Trust
Assignment: Identify a Buyer for an industrial site with very specialized improvements, which were encumbered by a long-term net lease with a private school operation, Fairmont School. Fairmont had occupied the site since it’s founding in 1958. .
Result: Generated multiple offers to purchase at price ranges equating to a sub-four percent cap rate. Ultimately, Fairmont elected to acquire the property for $14,000,000.
Total Value of the Transaction: $14,000,000