facebook
Traded Co logo
Submit

Ross Mitchell Acquires Santa Fe Springs Industrial Property For $12.04M

Property Image
SOLD
$12,043,000

California

See Similar Deals
Industrial64,329 SF
Sold 10/22/2021
the dealplayerscompscontact
Property Image
SOLD

Ross Mitchell Acquires Santa Fe Springs Industrial Property For $12.04M

13536 Imperial Highway, Santa Fe Springs, CA 90670

See Similar Deals
Industrial64,329 SF
Sold 10/22/2021
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$187
Total Square Footage:64,329 SF
Transaction Type:Sale

An off-market sale of a 17-unit multi-tenant industrial property was recently completed in Santa Fe Springs, located at 13536-13564 Imperial Hwy. This property is situated in the Mid Counties market and spans across a total area of 64,329 square feet. The property was sold for a total price of $12,043,000, resulting in a price per square foot of $187. Ross Mitchell acted as the buyer in this transaction, while Sherie Maddox served as the seller.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $12,043,000
  • Address: 13536-13564 Imperial Hwy., Santa Fe Springs
  • Market: Mid Counties

This off-market transaction was facilitated by Christopher J. Destino and Phillip DeRousse from Lee & Associates. Both representatives from Lee & Associates' Orange, CA office played a crucial role in representing both the buyer and the seller in this deal.

Note: The participation of Phillip DeRousse and Christopher Destino, SIOR, as the brokers from Lee & Associates, was instrumental in successfully completing this transaction.

Players

Christoher J. Destino
4 deals$20.2M volume(714) 564-7181
BROKER

Phillip DeRousse
Lee & Associates
4 deals$25.8M volume
BROKER

Ross Mitchell
4 deals$45.8M volume
BUYER

Details

SOLD
IMAGE: Christopher J. Destino, SIOR & Phillip DeRousse DATE: 10/22/2021 ADDRESS: 13536-13564 Imperial Hwy., Santa Fe Springs MARKET: Mid Counties ASSET TYPE: Industrial BUYER: Ross Mitchell SELLER: Sherie Maddox BROKERS: Christopher J. Destino (@CDessii212 & @SocalIndustrialBuildings) & Phillip DeRousse (@PhilDerousse & @Hutak_Derousse) - Lee & Associates SALE PRICE: $12,043,000 SF: 64,329 ~ PPSF: $187 NOTE: Phillip DeRousse & Christopher Destino, SIOR of Lee & Associates (Orange, CA office) represented both the Buyer & Seller in the off-market sale of this 17 Unit Multi-Tenant Industrial Property in the Mid Counties

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$642,293.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,786.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,089.96
Annual Debt Service$685,079.57