Updated Dec 21, 2024
CI 5 LLC Acquires Industrial Building From San Diego Charitable Real Estate Foundation For $6.8M
1441 North Red Gum Street
$6,800,000
Building Size
—
Asset Type
Industrial
Closing
Dec 16, 2024
About this deal
AI
San Diego Charitable Real Estate Foundation sold an industrial building located at 1441 North Red Gum Street in Anaheim. The property encompasses a total area of 26,620 sq. ft. and was sold for a transaction amount of $6,800,000. The deal included a fully leased asset situated in Anaheim Canyon.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,800,000
- Buyer: CI 5 LLC
- Seller: Mark Stuart - San Diego Charitable Real Estate Foundation
- Broker: Steven Ehrich - NAI Capital Commercial
NAI Capital Commercial’s Steven Ehrich represented the seller in this transaction. The proceeds from the sale are set to benefit various nonprofits, highlighting the charitable mission of the seller. The transaction took place on December 16, 2024.
On the Map
$6,800,000
Industrial
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Players
Anaheim 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93