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

Property Image
SOLD
$85,000,000
Max Mraz
Brooke Hinkel
Chadman Soladar
+ 4

California

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Industrial158,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

12065 Pike Street, Santa Fe Springs, California 90670, United States

See Similar Deals
Industrial158,000 SF
Sold
Max Mraz
Brooke Hinkel
Chadman Soladar
+ 4
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$538
Total Square Footage:158000 SF
Transaction Type:Sale

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
Marc Schillinger
41 deals$2B volume
BROKER
Roy Harel
Nublock Partners
Roy Harel
19 deals$431.1M volume
BROKER
David Sitt
JLL
David Sitt
12 deals$2.7B volume
BROKER
Chadman Soladar
Chadman Soladar
6 deals$184.6M volume
BROKER
Max Mraz
JLL
Max Mraz
13 deals$452.3M volume
BROKER
Brooke Hinkel
JLL
Brooke Hinkel
9 deals$463.9M volume
BROKER
Thor Equities
Thor Equities
BUYER
ES
Staley Point Capital
Eric Staley
4 deals$157M volume
SELLER
Farmers & Merchants Bank
Farmers & Merchants Bank
LENDER

Details

SOLD
IMAGE: Roy Harel, Eric Staley & Chadman Soladar DATE: 07/08/2022 ADDRESS: 12065 Pike St. MARKET: Santa Fe Springs ASSET TYPE: Industrial BUYER: Thor Equities SELLER: Staley Point Capital - Eric Staley BROKERS: Roy Harel (@RoyHarel310) & Chadman Soladar (@SoldBySoladar) - Nublock Partners (@NublockPartners) SALE PRICE: $85,000,000 SF: 159,000 ~ PPSF: $534 LOT SIZE: 8.7 ACRES

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,533,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$301,987.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$402,943.36
Annual Debt Service$4,835,320.38