JohnHart Real Estate Acquires Industrial Property In Santa Maria For $2.06M
SOLD
$2,062,500
California
See Similar DealsIndustrial11,944 SF
Sold 07/18/2023
SOLD
JohnHart Real Estate Acquires Industrial Property In Santa Maria For $2.06M
1158 Betteravia Rd Santa Maria, CA 93455, USA
See Similar DealsIndustrial11,944 SF
Sold 07/18/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$172
Total Square Footage:11,944 SF
Transaction Type:Sale
An industrial property located at 1158 East Betteravia Road in Santa Maria has been sold for $2,062,500. The property spans approximately 11,944 square feet, resulting in a price per square foot of $173. The asking price for this transaction was $2,400,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,062,500
- Address: 1158 East Betteravia Road
- Market: Santa Maria
- Square Footage: 11,944
- Price per Square Foot: $173
Syuzi Hakobyan from JohnHart Real Estate represented the buyer in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,327.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,777.30
Annual Debt Service$117,327.63
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