Updated Oct 29, 2024
BLT Enterprises Acquires Industrial Property In Irvine For $8.9M
17466 Daimler Street, Irvine, CA, USA
$8,900,000
$222/SF
Building Size
40,000 SF
Asset Type
Industrial
Closing
Jun 28, 2020
About this deal
AI
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.
On the Map
$8,900,000
$222/SF
Industrial
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Players
Irvine 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93