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

Property Image
SOLD
$35,000,000
Roy Harel

California

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Industrial159,000 SF
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Property Image
SOLD

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

12065 Pike Street, Santa Fe Springs, CA 90670

See Similar Deals
Industrial159,000 SF
Sold
Roy Harel
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$220
Total Square Footage:159000 SF
Transaction Type:Sale

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
19 deals$431.1M volume
BROKER

Chadman Soladar
6 deals$184.6M volume
BROKER


Staley Point Capital
BUYER

Details

SOLD
IMAGE: Roy Harel, Chadman Soladar, Ben Backer & Eric Staley DATE: 01/14/2022 ADDRESS: 12065 Pike St. MARKET: Santa Fe Springs ASSET TYPE: Industrial ~ ACRES: 8.7 BUYER: Staley Point Capital - Ben Backer (@BenBacker) & Eric Staley (@Staley_Eric) BROKERS: Roy Harel (@RoyHarel310) & Chadman Soladar (@SoldBySoladar) - Nublock Partners (@Nublock_Partners) SALE PRICE: $35,000,000 SF: 159,000 ~ PPSF: $220

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
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