Dornin Investment Group Acquires Industrial Property On East Edinger Avenue In Santa Ana For $18M
1602 E Edinger Ave Santa Ana, CA 92705, USA
$18,000,000
$203/SF
Building Size
88,410 SF
Asset Type
Industrial
Closing
Aug 3, 2023
AI
A property in Santa Ana located at 1602-1634 East Edinger Avenue has been sold for $18,000,000. The industrial asset spans over 88,410 square feet, resulting in a price per square foot of $204.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $18,000,000
- Address: 1602-1634 East Edinger Avenue
- Market: Santa Ana
The buyer of this property was a partnership between Dornin Investment Group represented by Chris Dornin, Philip Smith, and Tyson Bryan, and Sundance Bay represented by Lance Frame. The deal was facilitated by John Marshall from JLL.
Players
Los Angeles 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93