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1450 Manhattan Avenue

1450 Manhattan LLC Acquires Industrial Warehouse In Fullerton For $13.3M
SOLDIndustrial

1450 Manhattan LLC Acquires Industrial Warehouse In Fullerton For $13.3M

1450 Manhattan Avenue

$13,300,000

$275/SF

Building Size

48,235 SF

Asset Type

Industrial

Closing

Mar 29, 2024

AI

An industrial warehouse spanning 48,235 square feet on 2.2 acres of land at 1450-1456 South Manhattan Avenue in Fullerton, Orange County, was recently sold for $13.3 million. The transaction involved the buyer, 1450 Manhattan LLC, acquiring the property from the seller, Salher LLC. The sale was facilitated by buyer's representatives Erik Sikes and Garrett McClelland from Voit Real Estate Services, along with seller's representatives Byron Foss, Wade Tift, and Nick Carey from JLL.

Summary of transation details:

Voit Real Estate Services, through their brokers Garrett McClelland and Erik Sikes, successfully brokered the sale of the industrial property in Fullerton to Anaheim-based 1450 Manhattan LLC. On the other side of the deal, JLL's representatives Byron Foss, Wade Tift, and Nick Carey navigated the transaction on behalf of the seller, Salher LLC. The collaboration between these key individuals and companies led to the seamless completion of the $13.3 million sale.

Players

Wade Tift

JLL

Broker

$23.3M

vol

3 deals

Broker

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

1.19%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93