Dornin Investment Group Acquires Industrial Property On East Edinger Avenue In Santa Ana For $18M
SOLD
$18,000,000
California
See Similar DealsIndustrial88,410 SF
Sold 08/03/2023
SOLD
Dornin Investment Group Acquires Industrial Property On East Edinger Avenue In Santa Ana For $18M
1602 E Edinger Ave Santa Ana, CA 92705, USA
See Similar DealsIndustrial88,410 SF
Sold 08/03/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$203
Total Square Footage:88,410 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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