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Crowns Associates Realty Acquires Industrial Property In Huntington Beach For $35.3M

Property Image
SOLD
$35,300,000
Brad Bierbaum
Gary Stache
+ 1

California

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Industrial122,280 SF
Sold 06/07/2020
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Property Image
SOLD

Crowns Associates Realty Acquires Industrial Property In Huntington Beach For $35.3M

15301 Springdale Street, Huntington Beach, CA, USA

See Similar Deals
Industrial122,280 SF
Sold 06/07/2020
Brad Bierbaum
Gary Stache
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$288
Total Square Footage:122,280 SF
Transaction Type:Sale

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $35,300,000
  • Address: 15301 Springdale Street, 15461 Springdale Street
  • Market: Huntington Beach
  • Buyer: Crowns Associates Realty - Mitchell Bloom
  • Seller: SARES REGIS Group - Chris Payne
  • Brokers: Brad Bierbaum, Gary Stache & Jeff Carr - CBRE
  • Square Footage: 122,280
  • Price per Square Foot: $288

Players

Gary Stache
33 deals$481.9M volume
BROKER

Brad Bierbaum
CBRE
1 deal$35.3M volume
BROKER

Jeff Carr
CBRE
2 deals$37.9M volume
BROKER

Details

SOLD
IMAGE: Jeff Carr, Mitchell Bloom, Brad Bierbaum, Chris Payne & Gary Stache DATE: 06/07/2021 ADDRESS: 15301 Springdale Street, 15461 Springdale Street MARKET: Huntington Beach ASSET TYPE: Industrial BUYER: Crowns Associates Realty - Mitchell Bloom SELLER: SARES REGIS Group - Chris Payne BROKERS: Brad Bierbaum, Gary Stache & Jeff Carr - CBRE SALE PRICE: $35,300,000 SF: 122,280 ~ PPSF: $288

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,882,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$125,413.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$167,340.01
Annual Debt Service$2,008,080.11