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1619 South Minnie Street

Edinger Madison Acquires Industrial Asset From Phenix Controls In Santa Ana For $2.4M
SOLDIndustrial

Edinger Madison Acquires Industrial Asset From Phenix Controls In Santa Ana For $2.4M

1619 South Minnie Street

$2,400,000

$247/SF

Building Size

9,680 SF

Asset Type

Industrial

Closing

Feb 20, 2025

AI

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:

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.

Players

Kirtley Baker

Douglas Elliman

Broker

$6.4M

vol

3 deals

Broker

Santa Ana 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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93