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
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