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JohnHart Real Estate Acquires Industrial Property In Santa Maria For $2.06M

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SOLD
$2,062,500

California

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Industrial11,944 SF
Sold 07/18/2023
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Property Image
SOLD

JohnHart Real Estate Acquires Industrial Property In Santa Maria For $2.06M

1158 Betteravia Rd Santa Maria, CA 93455, USA

See Similar Deals
Industrial11,944 SF
Sold 07/18/2023
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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.

Players

Syuzi Hakobyan
12 deals$23.3M volume(818) 640-0208
BROKER

Details

SOLD
IMAGE: Syuzi Hakobyan DATE: 07/18/2023 ADDRESS: 1158 East Betteravia Road MARKET: Santa Maria ASSET TYPE: Industrial BUYER'S REP: Syuzi Hakobyan (@Syuziproperties) - JohnHart Real Estate (@JohnHarts_RealEstate) ASKING PRICE: $2,400,000 SALE PRICE: $2,062,500 SF: 11,944 ~ PPSF: $173

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Deal Type
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