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Blake Baird Terreno Realty Corporation Sells Industrial Property In Santa Fe Springs For $11M
SOLD
$11,000,000
California
See Similar DealsIndustrial
Sold 08/08/2025
SOLD
Blake Baird Terreno Realty Corporation Sells Industrial Property In Santa Fe Springs For $11M
10918 Shoemaker Avenue
See Similar DealsIndustrial
Sold 08/08/2025
Summary
CALIFORNIA
Asset Type:Industrial
Transaction Type:Sale
A 2.3-acre industrial property located at 10918-10936 Shoemaker Avenue in Santa Fe Springs, CA sold for $11,000,000 on 08/08/2025. The asset is fully leased and sits within the Santa Fe Springs market.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Address: 10918-10936 Shoemaker Avenue, Santa Fe Springs, CA
- Market: Santa Fe Springs
- Size: 2.3 acres
- Sale Date: 08/08/2025
- Seller: Blake Baird - Terreno Realty Corporation
- Unleveraged IRR: 13.2%
This deal involves Terreno Realty Corporation, which previously acquired the property in 2018 for $6.4 million, achieving a 13.2% unleveraged IRR over the holding period.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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