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BLT Enterprises Acquires Industrial Property In Irvine For $8.9M

Property Image
SOLD
$8,900,000
Linsday Gazzano
Eric Walker
Weston Dunlap
+ 1

California

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Industrial40,000 SF
Sold 06/29/2020
the dealplayerscompscontact
Property Image
SOLD

BLT Enterprises Acquires Industrial Property In Irvine For $8.9M

17466 Daimler Street, Irvine, CA, USA

See Similar Deals
Industrial40,000 SF
Sold 06/29/2020
Linsday Gazzano
Eric Walker
Weston Dunlap
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$222
Total Square Footage:40,000 SF
Transaction Type:Sale

An industrial property located at 17466 Daimler Street in Irvine has been sold for $8,900,000. The property spans 40,000 square feet, translating to a price per square foot of $222.50. The transaction took place on June 29, 2020.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $8,900,000
  • Square Footage: 40,000
  • Price per Square Foot: $222.50
  • Market: Irvine

The buyer, BLT Enterprises, represented by Bernie Huberman, acquired the property from Ceradyne, Inc (3M). The brokers involved in the deal included Brad McCoy, David Wilson, Weston Dunlap from Lee & Associates West LA, Eric Walker from Cresa, and Lindsay Gazzano from Savills.

Players

Brad McCoy
Lee & Associates
Brad McCoy
44 deals$631.9M volume
BROKER
Weston Dunlap
Lee & Associates
Weston Dunlap
3 deals$31.9M volume
BROKER
Eric Walker
Eric Walker
3 deals$38.9M volume
BROKER
Linsday Gazzano
Linsday Gazzano
1 deal$8.9M volume
BROKER
BLT Enterprises
BLT Enterprises
BUYER

Details

SOLD
IMAGE: @BradfordMcCoy, David Wilson, @WestonDunlap & Bernie Huberman DATE: 06/29/2020 ADDRESS: 17466 Daimler Street MARKET: Irvine ASSET TYPE: Industrial PRICE: $8,900,000 SF: 40,000 PPSF: $222.50 BUYER: BLT Enterprises - Bernie Huberman SELLER: Ceradyne, Inc (3M) BROKERS: Brad McCoy, David Wilson & Weston Dunlap - Lee & Associates West LA, Eric Walker - Cresa, Linsday Gazzano - Savills

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$474,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
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