Updated Oct 28, 2024
Staley Point Capital Acquires Santa Fe Springs Industrial Property For $35M
12065 Pike Street, Santa Fe Springs, CA 90670
$35,000,000
$220/SF
Building Size
159,000 SF
Asset Type
Industrial
Closing
Jan 14, 2022
About this deal
AI
A property transaction has taken place in Santa Fe Springs, with the sale of an industrial asset located at 12065 Pike St. The property spans approximately 8.7 acres, offering ample space for industrial activities.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Square Footage: 159,000
- Price per Square Foot: $220
- Date: 01/14/2022
- Market: Santa Fe Springs
The buyer of the property is Staley Point Capital, represented by Ben Backer and Eric Staley. They acquired the property through the assistance of brokers Roy Harel and Chadman Soladar from Nublock Partners. The deal was successfully closed, further establishing the significance of these individuals and their respective organizations in the real estate industry.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93