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12751 Foothill Boulevard

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

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

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 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

CBRE

Broker

$27.6M

vol

6 deals

Broker

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