Xebec Realty Partners Acquires Industrial Property In Sylmar For $24M
SOLD
California
See Similar DealsIndustrial104,903 SF
Sold 01/25/2022
SOLD
Xebec Realty Partners Acquires Industrial Property In Sylmar For $24M
12975 Bradley Avenue, Sylmar, California 91342, United States
See Similar DealsIndustrial104,903 SF
Sold 01/25/2022
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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