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Xebec Realty Partners Acquires Industrial Property In Sylmar For $24M

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SOLD
$24,000,000

California

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Industrial104,903 SF
Sold 01/25/2022
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Property Image
SOLD

Xebec Realty Partners Acquires Industrial Property In Sylmar For $24M

12975 Bradley Avenue, Sylmar, California 91342, United States

See Similar Deals
Industrial104,903 SF
Sold 01/25/2022
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$228
Total Square Footage:104,903 SF
Transaction Type:Sale

Located at 12975 Bradley Avenue in Sylmar, this industrial property spans across 6.144 acres. The transaction took place on January 19, 2022, and involved the sale of the property.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $24,000,000
  • Square Footage: 104,903 SF
  • Price per Square Foot: $228
  • Market: Sylmar

The buyer, Xebec Realty Partners, acquired the property from the seller, Howmet Aerospace Inc. The sale was facilitated by John DeGrinis, Patrick DuRoss, and Jeff Abraham from Newmark.

Players

John DeGrinis
7 deals$123.1M volume
BROKER

Patrick DuRoss
Newmark
6 deals$123.1M volume
BROKER

Details

SOLD
IMAGE: Jeff Abraham, John DeGrinis & Patrick DuRoss DATE: 01/19/2022 ADDRESS: 12975 Bradley Avenue MARKET: Sylmar ASSET TYPE: Industrial ~ ACRES: 6.144 BUYER: Xebec Realty Partners SELLER: Howmet Aerospace Inc. BROKERS: John DeGrinis, Patrick DuRoss & Jeff Abraham - Newmark SALE PRICE: $24,000,000 SF: 104,903 ~ PPSF: $228

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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