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EM Enterprises Acquires Industrial Property From Jobber's Wholesale In Santa Fe Springs

Property Image
SOLD
$3,230,000

California

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Industrial23,431 SF
Sold 11/17/2016
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Property Image
SOLD

EM Enterprises Acquires Industrial Property From Jobber's Wholesale In Santa Fe Springs

12078 Florence Ave, Santa Fe Springs...

See Similar Deals
Industrial23,431 SF
Sold 11/17/2016
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:23,431 SF
Transaction Type:Sale

The industrial property located at 12078 Florence Ave in Santa Fe Springs was sold for $3.23 million. This asset spans 23,431 square feet and was the subject of a transaction between EM Enterprises, the buyer, and Jobber’s Wholesale, the seller. The buyer was represented by Mark Vanis from JLL, while the seller was represented by Matt Wagner from GM Properties.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $3,230,000.00
  • Address: 12078 Florence Ave, Santa Fe Springs
  • Market: Santa Fe Springs
  • Buyer: EM Enterprises
  • Seller: Jobber’s Wholesale
  • Buyer's Rep: Mark Vanis(JLL)
  • Seller's Rep: Matt Wagner(GM Properties)

Heger Industrial's Mark Vanis represented the buyer, EM Enterprises, in the sale of the industrial property. On the other side of the deal, Matt Wagner from GM Properties served as the representative for the seller, Jobber’s Wholesale, facilitating the successful transaction.

Players

Mark Vanis
6 deals$151.8M volume
BROKER

Matt Wagner
GM Properties
1 deal$3.2M volume(562) 762-3140
BROKER

BUYER

Details

SOLD
IMAGE: 11/17/2016 ADDRESS: 12078 Florence Ave, Santa Fe Springs... MARKET: Santa Fe Springs ASSET TYPE: Industrial BUYER'S REP: Mark Vanis(JLL) SELLER'S REP: Matt Wagner(GM Properties) BUYER: EM Enterprises SELLER: Jobber’s Wholesale PRICE: $3,230,000.00 SF: 23431

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

$172,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,475.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,311.85
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