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Leed Electric Inc. Acquires Industrial Property In Santa Fe Springs For $12.1M

Property Image
SOLD
$12,100,000

California

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Industrial38,801 SF
Sold 11/17/2023
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Property Image
SOLD

Leed Electric Inc. Acquires Industrial Property In Santa Fe Springs For $12.1M

12333 Los Nietos Road

See Similar Deals
Industrial38,801 SF
Sold 11/17/2023
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$311
Total Square Footage:38,801 SF
Transaction Type:Sale

A 38,801 square foot industrial property located at 12333 Los Nietos Road in Santa Fe Springs has been sold for $12,100,000. The property was sold by Vantage Associates, Inc. to Leed Electric Inc.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $12,100,000
  • Address: 12333 Los Nietos Road
  • Market: Santa Fe Springs
  • Buyer: Leed Electric Inc.
  • Seller: Vantage Associates, Inc.

Dan Berkenfield from Voit Real Estate Services represented the buyer, Leed Electric Inc., in the transaction. Barbara Perrier and Bennett Robinson from CBRE represented the seller, Vantage Associates, Inc.

Players

Barbara (Emmons) Perrier
36 deals$1.8B volume(818) 481-2374
BROKER

Bennett Robinson
CBRE
6 deals$145.5M volume
BROKER

Dan Berkenfield
Voit Real Estate Services
3 deals$21.8M volume(949) 263-5308
BROKER

Details

SOLD
IMAGE: Barbara Perrier, Bennett Robinson & Dan Berkenfield DATE: 11/17/2023 ADDRESS: 12333 Los Nietos Road MARKET: Santa Fe Springs ASSET TYPE: Industrial BUYER: Leed Electric Inc. SELLER: Vantage Associates, Inc. BUYER'S REP: Dan Berkenfield (@DBerkenfield) - Voit Real Estate Services (@VoitRealEstate) SELLER'S REP: Barbara Perrier (@BarbPerrier) & Bennett Robinson - CBRE (@CBRE) SALE PRICE: $12,100,000 SF: 38,801 ~ PPSF: $312

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

$645,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,988.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,360.17
Annual Debt Service$688,322.08