|
|
10/11/23
|
Easterly Government Properties acquired a 95.4k sf, Class A office building in Anaheim in a $31.15 mil ($326.50/sf) trade. The property, 1065 Link, is 100% leased to the State of California.
1065 Link is a four-story institutional-grade office building comprising part of a larger mixed-use development known as Link OC. The Class A structure was originally constructed in 1991, completing its most recent interior and exterior renovations in 2020. Among the key building features are its extensive glass line and area views, a newly renovated lobby and exterior common areas, and convenient over-standard parking.
In addition to 1065 Link, the entire Link OC mixed-use development includes a fully institutionally renovated retail strip center and retail pads, with multiple restaurants and storefronts, cafés, along with a hotel. The location is immediately accessible and visible from State Route 91 at N Tustin Ave and positioned directly next to the Anaheim Canyon Metrolink Station.
Cushman & Wakefield’s Jeffrey Cole, Nico Napolitano, Brad Brandenburg, and Kristen Bogler of the firm’s Capital Markets Team in Southern California represented the seller, a partnership comprising a global real estate investment, development and management firm and a global investment manager, in the transaction.
“1065 Link is a best in micro-market Class A office building that is conveniently located in a blossoming modern live/work/play environment including walkable access to retail/restaurants, residential as well as its highly appealing adjacency to transit. Fully leased to multiple State of California divisions, the asset also provides an investor with a surface parked low-mid-rise building with long term stable cash flow,” said Cole.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
