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1609 E Edinger Ave Santa An...

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

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

1609 E Edinger Ave Santa Ana, CA 92705, USA

$9,793,000

$210/SF

Building Size

46,478 SF

Asset Type

Industrial

Closing

Aug 25, 2023

AI

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

Daum Commercial Real Estate Services

Broker

$88.3M

vol

7 deals

Broker
Ryan Adjnasian

Ryan Adjnasian

Partners Capital Inc.

Buyer

$75.1M

vol

10 deals

Buyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93