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15405 Cornet St, Santa Fe S...

FTG, Inc. Acquires Industrial Property In Santa Fe Springs, CA For $3.75M
SOLDIndustrial

FTG, Inc. Acquires Industrial Property In Santa Fe Springs, CA For $3.75M

15405 Cornet St, Santa Fe Springs, California 90670, United States

$3,750,000

$298/SF

Building Size

12,560 SF

Asset Type

Industrial

Closing

Mar 3, 2022

AI

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.

Players

Patrick Meaney

Broker

$6.2M

vol

2 deals

Broker

Santa Fe Springs 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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93