Leed Electric Inc. Acquires Industrial Property In Santa Fe Springs For $12.1M
SOLD
California
See Similar DealsIndustrial38,801 SF
Sold 11/17/2023
SOLD
Leed Electric Inc. Acquires Industrial Property In Santa Fe Springs For $12.1M
12333 Los Nietos Road
See Similar DealsIndustrial38,801 SF
Sold 11/17/2023
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.
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Deal Type
30 years
10 years
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
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