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12065 Pike Street, Santa Fe...

Thor Equities Acquires Industrial Property In Santa Fe Springs For $85M
SOLDIndustrial

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

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.

Players

Marc Schillinger

JLL

Broker

$2.2B

vol

50 deals

Broker
Thor Equities
Thor EquitiesBuyer

Eric Staley

Staley Point Capital

Seller

$157M

vol

4 deals

Seller
Farmers & Merchants Bank
Farmers & Merchants BankLender

Santa Fe Springs Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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