Trevor Solomon Acquires Industrial Property From Craig Moreland In Fountain Valley For $5.56M
17406 Mount Cliffwood Circle
$5,562,900
$316/SF
Building Size
17,568 SF
Asset Type
Industrial
Closing
Apr 29, 2025
AI
The property asset involved in the transaction is located at 17406 Mount Cliffwood Circle, Fountain Valley. It is classified as an industrial asset and spans 17,568 square feet. The sale price for the property was $5,562,900, equating to a price per square foot of $316.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,562,900
- Address: 17406 Mount Cliffwood Circle
- Market: Fountain Valley
- Square Footage: 17,568
- Price per Square Foot: $316
- Buyer: Trevor Solomon
- Seller: Craig Moreland
- Broker: Nathan Demosthenes - Cushman & Wakefield
This transaction involved key individuals including Trevor Solomon as the buyer and Craig Moreland as the seller, with Nathan Demosthenes representing the broker side of the deal through Cushman & Wakefield. The transaction was finalized on April 29, 2025.
Players
Fountain Valley 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
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93