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California  + Orange County  + Office  | 

Anaheim Asset Trades in 1031 Exchange

NKF completed the $14.2-million sale of 100 S. Anaheim, a three-story 50,384-square-foot, multi-tenant office building in downtown Anaheim, CA. The asset is fully leased to nine tenants including MemorialCare, Guggenheim Partners, Arbor E&T (ResCare), Partners Federal Credit Union and Total Paper Services.

NKF’s Sean Fulp, Paul Jones, Ryan Plummer, Blake Bokosky and Michael Spiezia represented the seller, Anaheim-based Milan Capital Management. NKF’s John Ewart advised the 1031 exchange buyer, Mission Drive-In Theatre Company.

Built in 1983 and renovated in 2017, the property is situated on 1.44 acres along South Anaheim Boulevard, a primary Anaheim thoroughfare. It is within walking distance to amenities such as the Packing House and Center Street Promenade, as well as near the 5, 91 and 57 freeways.

Fulp noted they are seeing a lot of 1031 trade activity between $10 million and $15 million. He says, “Our asking price at $14.5 million happened to fall within the sweet spot for buyer demand in Southern California.”

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Milan Capital ManagementConnect With NKF’s FulpConnect With NFK’s Ewart

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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