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1049 South Melrose Street

Updated Dec 4, 2024

NAI Capital Brokers $5M Sale Of Industrial Building In Placentia With Marie Taylor As The Broker
SOLDIndustrial

NAI Capital Brokers $5M Sale Of Industrial Building In Placentia With Marie Taylor As The Broker

1049 South Melrose Street

$5,000,000

$248/SF

Building Size

20,150 SF

Asset Type

Industrial

Closing

Jul 11, 2024

About this deal

AI

The property asset involved in this transaction is a manufacturing building located at 1049 South Melrose Street Unit C in Placentia. The building encompasses a total area of 20,150 square feet and was sold for $5,000,000, translating to a price per square foot of $248. This fully leased facility is situated within an industrial park.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,000,000
  • Square Footage: 20,150
  • Address: 1049 South Melrose Street Unit C
  • Market: Placentia
  • Price per Square Foot: $248
  • Broker: Marie Taylor - NAI Capital
  • Seller: A trust
  • Buyer: Undisclosed

The deal was brokered by Marie Taylor, representing NAI Capital. This transaction highlights a significant movement within the industrial sector, specifically regarding the sale of a fully leased manufacturing property. The intermediary in this transaction was a commercial brokerage, NAI Capital, which facilitated the movement of this asset from the seller to the undisclosed buyer.

On the Map

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$5,000,000

$248/SF

Industrial

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Players

Marie Taylor

NAI Global

Broker

$23.9M

vol

4 deals

Broker
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Placentia Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $248 per square foot on a published $5M for 20,150 square feet (2024).

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Browse Placentia industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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