Lee & Associates Leases 40,586 SF Industrial Building In Santa Ana For $4.3M
1651 East Saint Andrew Place
Building Size
40,586 SF
Asset Type
Industrial
Closing
Jun 21, 2023
AI
Lee & Associates Orange has recently completed a lease transaction for an industrial building located at 1651 East Saint Andrew Place in Santa Ana. The property offers approximately 40,586 square feet of space and boasts desirable features such as loading doors, high clear height, and ample power supply. The lease agreement spans over 60 months, with a total consideration of around $4.3 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4.3 million
- Address: 1651 East Saint Andrew Place, Santa Ana
- Market: Santa Ana
- Broker: Greg Diab - Lee & Associates
- Broker: Jack Haley - Lee & Associates
The deal was orchestrated by Greg Diab and Jack Haley, both representing Lee & Associates. Their expertise and efforts ensured the successful completion of this lease transaction.
Players
Santa Ana Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93