Crowns Associates Realty Acquires Industrial Property In Huntington Beach For $35.3M
SOLD
California
See Similar DealsIndustrial122,280 SF
Sold 06/07/2020
SOLD
Crowns Associates Realty Acquires Industrial Property In Huntington Beach For $35.3M
15301 Springdale Street, Huntington Beach, CA, USA
See Similar DealsIndustrial122,280 SF
Sold 06/07/2020
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
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Deal Type
30 years
10 years
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
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