FTG, Inc. Acquires Industrial Property In Santa Fe Springs, CA For $3.75M
SOLD
$3,750,000
+ 1
California
See Similar DealsIndustrial12,560 SF
Sold 03/04/2022
SOLD
FTG, Inc. Acquires Industrial Property In Santa Fe Springs, CA For $3.75M
15405 Cornet St, Santa Fe Springs, California 90670, United States
See Similar DealsIndustrial12,560 SF
Sold 03/04/2022
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$298
Total Square Footage:12,560 SF
Transaction Type:Sale
The industrial property located at 15405 Cornet Ave., Santa Fe Springs, CA has been sold in a transaction in the Cerritos and Norwalk market. The property spans 12,560 square feet and was sold for a price of $3,750,000, resulting in a price per square foot of $298.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,750,000
FTG, Inc., represented by Pino Pathak, acted as the buyer in this transaction. The seller was BJ Partnership, represented by John Bateman. Tina LaMonica from NAI Capital Commercial represented the buyer, while Brendan Meaney, Pat Meaney, and Jordan Meaney from Canada Pacific Realty Advisors represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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