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Chin Kim Purchases 7492 SF Industrial Property At 1101 Richfield Road From Davcal For $3M

Property Image
SOLD
$3,000,000
Marshal Vogt
Jameson Hearne
Bryan Miller

California

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Industrial7,492 SF
Sold 04/29/2025
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Property Image
SOLD

Chin Kim Purchases 7492 SF Industrial Property At 1101 Richfield Road From Davcal For $3M

1101 South Richfield Road

See Similar Deals
Industrial7,492 SF
Sold 04/29/2025
Marshal Vogt
Jameson Hearne
Bryan Miller
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$400
Total Square Footage:7,492 SF
Transaction Type:Sale

An industrial property located at 1101 Richfield Road in Placentia's Miraloma Business Center was sold for $3,000,000. The asset encompasses 7,492 square feet and was transacted at a price per square foot of $400.

Summary of transaction details:

The transaction involved Chin Kim as the buyer and Davcal as the seller, with the brokerage representation provided by Bryan Miller, Jameson Hearne, and Marshal Vogt from Lee & Associates | Orange.

Players

Marshal Vogt
Lee & Associates
Marshal Vogt
3 deals$33.3M volume(714) 564-7117
BROKER
Jameson Hearne
Lee & Associates
Jameson Hearne
1 deal$3M volume(714) 564-7146
BROKER
Bryan Miller
Lee & Associates
Bryan Miller
2 deals$3M volume(714) 606-3513
BROKER

Details

SOLD
IMAGE: Bryan Miller, Jameson Hearne & Marshal Vogt DATE: 04/29/2025 ADDRESS: 1101 Richfield Road MARKET: Placentia ASSET TYPE: Industrial BUYER: Chin Kim SELLER: Davcal BROKERS: Bryan Miller, Jameson Hearne & Marshal Vogt (@MVogt21)- Lee & Associates | Orange (@LeeAssociatesOrange) SALE PRICE: $3,000,000 SF: 7,492 ~ PPSF: $400 NOTE: Davcal sold a 7,492 SF industrial property at 1101 Richfield Rd in Placentia’s Miraloma Business Center to Chin Kim for $3M. Lee & Associates | Orange’s Jameson Hearne, Marshal Vogt, and Bryan Miller represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37