Edinger Madison Acquires Industrial Asset From Phenix Controls In Santa Ana For $2.4M
SOLD
$2,400,000
California
See Similar DealsIndustrial9,680 SF
Sold 02/20/2025
SOLD
Edinger Madison Acquires Industrial Asset From Phenix Controls In Santa Ana For $2.4M
1619 South Minnie Street
See Similar DealsIndustrial9,680 SF
Sold 02/20/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$247
Total Square Footage:9,680 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 1619 South Minnie Street in Santa Ana. This industrial asset encompasses a total area of 9,680 square feet and was sold for $2,400,000, resulting in a price per square foot of $247.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Buyer: Edinger Madison
- Seller: Phenix Controls
- Brokers: Elizabeth Clark - Kidder Mathews
- Brokers: Kirtley Baker - Douglas Elliman
The deal was represented by Elizabeth Clark from Kidder Mathews and Kirtley Baker from Douglas Elliman, who facilitated the transaction between Edinger Madison and Phenix Controls.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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