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Steve Sanett Acquires Industrial Property In Ventura County For $9.5M

Property Image
SOLD
$9,462,360
Brett Saunders
Mike Tingus
Grant Fulkerson
+ 1

California

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Industrial45,916 SF
Sold 06/10/2020
the dealplayerscompscontact
Property Image
SOLD

Steve Sanett Acquires Industrial Property In Ventura County For $9.5M

14399 Princeton Avenue, Moorpark, Ventura County, CA, USA

See Similar Deals
Industrial45,916 SF
Sold 06/10/2020
Brett Saunders
Mike Tingus
Grant Fulkerson
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$206
Total Square Footage:45,916 SF
Transaction Type:Sale

The industrial property located at 14399 Princeton in Ventura County has been sold in a recent transaction. The property spans 45,916 square feet and was listed for an asking price of $9,871,940. The sale price for the property was finalized at $9,462,360, resulting in a price per square foot of $206.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,462,360
  • Address: 14399 Princeton
  • Market: Ventura County
  • Square Footage: 45,916

The buyer of the property is Steve Sanett, while the seller is VZD Industrial Investments LLC. Representing the buyer in the transaction was Brett Saunders from Brett Saunders Realty. On the seller's side, Grant Fulkerson from SIOR and Mike Tingus were the representatives.

Players

Mike Tingus
Lee & Associates
Mike Tingus
24 deals$297M volume(818) 223-4388
BROKER
Grant Fulkerson
Lee & Associates
Grant Fulkerson
26 deals$346.5M volume(818) 304-4956
BROKER
Brett Saunders
Brett Saunders
3 deals$29.2M volume
BROKER
SS
Steve Sanett
3 deals$29.2M volume
BUYER

Details

SOLD
IMAGE: Grant Fulkerson, Mike Tingus & Brett Saunders DATE: 06/10/2021 ADDRESS: 14399 Princeton MARKET: Ventura County ASSET TYPE: Industrial BUYER: Steve Sanett SELLER: VZD Industrial Investments LLC BUYER’S REP: Brett Saunders @BrettmSaunders SELLER’S REP: Grant Fulkerson @GrantFulkerson - SIOR & Mike Tingus @MikeTingus ASKING PRICE: $9,871,940 SALE PRICE: $9,462,360 SF: 45,916 ~ PPSF: $206

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$33,617.76
Cash-on-Cash Return-1.27%
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