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12065 Pike Street, Santa Fe...

Staley Point Capital Acquires Santa Fe Springs Industrial Property For $35M
SOLDIndustrial

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

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

Roy Harel

Nublock Partners

Broker

$431.1M

vol

19 deals

Broker

Eric Staley

Staley Point Capital

Buyer

$157M

vol

4 deals

Buyer
Staley Point Capital
Staley Point CapitalBuyer

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