Updated Oct 12, 2026
PS Business Parks Inc. Acquires Industrial Property In Santa Fe Springs For $104M
11821 Florence Ave, Santa Fe Springs, CA, USA
$104,000,000
$191/SF
Building Size
543,000 SF
Asset Type
Industrial
Closing
Sep 5, 2019
About this deal
AI
PS Business Parks Inc. has acquired an industrial property located at 11821 Florence Ave in Santa Fe Springs. The property spans 543,000 square feet and was sold for a price of $104,000,000, resulting in a price per square foot of $191. This transaction took place on September 6, 2019.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $104,000,000
- Square Footage: 543,000
- Price Per Square Foot: $191
- Address: 11821 Florence Ave, Santa Fe Springs
- Market: Santa Fe Springs
Maria Hawthorne, the broker representing PS Business Parks Inc., facilitated the deal for this industrial property in Santa Fe Springs.
On the Map
$104,000,000
$191/SF
Industrial
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Players
Santa Fe Springs 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93