Updated Feb 25, 2025
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
About this deal
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:
- 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.
On the Map
$2,400,000
$247/SF
Industrial
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Players
Santa Ana Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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