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Partners Capital Inc Acquires Industrial Property In Santa Ana For $9.8M

Property Image
SOLD
$9,793,000
Ryan Adjnasian
Mark Blumenthal
+ 1

California

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Industrial46,478 SF
Sold 08/25/2023
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Property Image
SOLD

Partners Capital Inc Acquires Industrial Property In Santa Ana For $9.8M

1609 E Edinger Ave Santa Ana, CA 92705, USA

See Similar Deals
Industrial46,478 SF
Sold 08/25/2023
Ryan Adjnasian
Mark Blumenthal
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$210
Total Square Footage:46,478 SF
Transaction Type:Sale

The industrial property located at 1609 East Edinger Avenue in Santa Ana was recently sold. The property spans an area of 46,478 square feet and was sold for a total price of $9,793,000, resulting in a price per square foot of $211.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $9,793,000
  • Address: 1609 East Edinger Avenue
  • Market: Santa Ana

The buyers, Ryan Adjnasian, Mark Blumenthal, and Dominic Perlman of Partners Capital Inc, successfully acquired the property. On the selling side, William Yardley was the seller. The transaction was facilitated by Chris Migliori of DAUM, who acted as the broker representing the buyers in the deal.

Players

Chris Migliori
7 deals$88.3M volume
BROKER

Ryan Adjnasian
10 deals$75.1M volume
BUYER

Mark Blumenthal
12 deals$103.8M volume
BUYER

Details

SOLD
IMAGE: Ryan Adjnasian, Mark Blumenthal, Dominic Perlman & Chris Migliori DATE: 08/25/2023 ADDRESS: 1609 East Edinger Avenue MARKET: Santa Ana ASSET TYPE: Industrial BUYER: Partners Capital Inc (@PartnersCap) - Ryan Adjnasian (@Ryanadj), Mark Blumenthal (@Ishowmypics) & Dominic Perlman (@Dominicperlman) SELLER: William Yardley BROKER: Chris Migliori - DAUM (@OcIndustrialWarehouses) SALE PRICE: $9,793,000 SF: 46,478 ~ PPSF: $211

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$522,293.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,792.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,423.82
Annual Debt Service$557,085.79