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12078 Florence Ave, Santa F...

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

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

12078 Florence Ave, Santa Fe Springs...

$3,230,000

$137/SF

Building Size

23,431 SF

Asset Type

Industrial

Closing

Nov 17, 2016

AI

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

JLL

Broker

$151.8M

vol

6 deals

Broker
E
EnterprisesBuyer

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

4.91%

Cash-on-Cash

-1.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93