Updated May 12, 2025
Chin Kim Purchases 7492 SF Industrial Property At 1101 Richfield Road From Davcal For $3M
1101 South Richfield Road
$3,000,000
$400/SF
Building Size
7,492 SF
Asset Type
Industrial
Closing
Apr 29, 2025
About this deal
AI
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:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 1101 Richfield Road
- Market: Placentia
- Square Footage: 7,492
- Price Per Square Foot: $400
- Buyer: Chin Kim
- Seller: Davcal
- Brokers: Bryan Miller, Jameson Hearne & Marshal Vogt - Lee & Associates | Orange
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
Placentia Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93