Updated Oct 28, 2024
Thor Equities Acquires Industrial Property In Santa Fe Springs For $85M
12065 Pike Street, Santa Fe Springs, California 90670, United States
$85,000,000
$538/SF
Building Size
158,000 SF
Asset Type
Industrial
Closing
Jul 7, 2022
About this deal
AI
A 159,000 square foot industrial property located at 12065 Pike St. in Santa Fe Springs has been sold for $85,000,000. The property sits on 8.7 acres of land and has a price per square foot of $534.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $85,000,000
- Address: 12065 Pike St.
- Market: Santa Fe Springs
The buyer of the property is Thor Equities, while the seller is Staley Point Capital represented by Eric Staley. The deal was brokered by Roy Harel and Chadman Soladar from Nublock Partners.
On the Map
$85,000,000
$538/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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93