Updated Dec 4, 2024
West Coast Companies Acquires Industrial Property In Sylmar For $4.52M
12751 Foothill Boulevard
$4,525,000
$314/SF
Building Size
14,375 SF
Asset Type
Industrial
Closing
Apr 8, 2024
About this deal
AI
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 Weirick – JLL
- 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.
On the Map
$4,525,000
$314/SF
Industrial
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Players
Sylmar 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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93