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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.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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