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West Coast Companies Acquires Industrial Property In Sylmar For $4.52M

Property Image
SOLD
$4,525,000

California

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Industrial14,375 SF
Sold 04/08/2024
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Property Image
SOLD

West Coast Companies Acquires Industrial Property In Sylmar For $4.52M

12751 Foothill Boulevard

See Similar Deals
Industrial14,375 SF
Sold 04/08/2024
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$314
Total Square Footage:14,375 SF
Transaction Type:Sale

The industrial property located at 12751 Foothill Boulevard in Sylmar was sold in a transaction between West Coast Companies, the buyer, and Rediger Investment, the seller. The property spans 14,375 square feet, with a sale price of $4,525,000, equivalent to $315 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,525,000
  • Address: 12751 Foothill Boulevard
  • Market: Sylmar
  • Buyer: West Coast Companies
  • Seller: Rediger Investment
  • Buyer's Representative: Mike Zugsmith - CBRE
  • Seller's Representative: Brent WeirickJLL
  • SF: 14,375
  • PPSF: $315

Mike Zugsmith from CBRE represented West Coast Companies in the transaction, while Brent Weirick from JLL represented Rediger Investment in the deal, facilitating the successful sale of the industrial asset in Sylmar.

Players

Mike Zugsmith
6 deals$27.6M volume(818) 207-0024
BROKER

Brent Weirick
JLL
2 deals$4.5M volume(818) 531-9679
BROKER

Details

SOLD
IMAGE: Brent Weirick & Mike Zugsmith DATE: 04/08/2024 ADDRESS: 12751 Foothill Boulevard MARKET: Sylmar ASSET TYPE: Industrial BUYER: West Coast Companies SELLER: Rediger Investment BUYER'S REP: Mike Zugsmith (@Mike.Zugsmith) - CBRE SELLER'S REP: Brent Weirick – JLL SALE PRICE: $4,525,000 SF: 14,375 ~ PPSF: $315

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,076.38
Cash-on-Cash Return-1.27%
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