Updated Sep 5, 2024
Marcus & Millichap Capital Facilitates $6.5M Acquisition Loan For Renovated Industrial Property In Santa Ana
1820 South Santa Fe Street Santa Ana, California 92705, USA
$6,466,500
Building Size
—
Asset Type
Industrial
Closing
Jun 13, 2023
About this deal
AI
Marcus & Millichap Capital Corporation (MMCC) arranged a $6.5 million loan for the acquisition of a renovated industrial property in Santa Ana, California. The property, located at 1820 South Santa Fe Street, spans 19,152 square feet and is conveniently situated near major highways and retail shops in Orange County.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,466,500
- Address: 1820 South Santa Fe Street
- Market: Santa Ana
Richard Knorr, Drew Wetherholt, and Colin Wu, representing Marcus & Millichap Capital Corporation, were the brokers involved in facilitating this acquisition loan.
On the Map
$6,466,500
Industrial
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Players
Santa Ana Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.45%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93