Salher LLC Acquires Industrial Property In Fullerton For $10M
SOLD
$10,000,000
+ 1
California
See Similar DealsIndustrial482,350 SF
Sold 08/26/2020
SOLD
Salher LLC Acquires Industrial Property In Fullerton For $10M
1450 Manhattan Ave, Fullerton, CA 92831, USA
See Similar DealsIndustrial482,350 SF
Sold 08/26/2020
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$20
Total Square Footage:482,350 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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