Updated Oct 29, 2024
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
About this deal
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.
On the Map
$3,230,000
$137/SF
Industrial
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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
4.91%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93