Salher LLC Acquires Industrial Property In Fullerton For $10M
1450 Manhattan Ave, Fullerton, CA 92831, USA
$10,000,000
$20/SF
Building Size
482,350 SF
Asset Type
Industrial
Closing
Aug 25, 2020
AI
The industrial property located at 1450 Manhattan Ave in Fullerton has been sold for $10,000,000. Spanning across 48,235 square feet, the property was purchased at a rate of $207 per square foot. The buyer of the property is Salher LLC, while the seller is Kanasardas Investment LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Square Footage: 48,235
- Price per Square Foot: $207
- Address: 1450 Manhattan Ave
- Market: Fullerton
JLL represented the buyer, Salher LLC, in the transaction. The team involved in the deal includes Byron Foss, Wade Tift, Nick Carey, and Steffan Morris. On the other side, Jim deRegt served as the seller's representative.
Players
Fullerton 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93