Manhattan West Real Estate Acquires Industrial Property In Fountain Valley For $16.5M
SOLD
$16,500,000
California
See Similar DealsIndustrial59 SF
Sold 01/02/2023
SOLD
Manhattan West Real Estate Acquires Industrial Property In Fountain Valley For $16.5M
18071 Mount Washington Street, Fountain Valley, California 92708, United States
See Similar DealsIndustrial59 SF
Sold 01/02/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$279,661
Total Square Footage:59 SF
Transaction Type:Sale
The industrial property located at 18071 MT Washington Street & 11190-11240 Talbert Avenue in Fountain Valley has been sold in a recent transaction. The property spans an area of 2.9 acres and is categorized as an industrial asset.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,500,000
- Square Footage: 59,754
- Price per Square Foot: $276
- Address: 18071 MT Washington Street & 11190-11240 Talbert Avenue, Fountain Valley
- Market: Fountain Valley
The buyer of the property is Manhattan West Real Estate, represented by Grant Fisher and Adam Norvell. The seller in this transaction is DDK Investments. DAUM Commercial Real Estate Services facilitated the deal, with brokers Devin Ray, Mike Barreiro, Joseph Harmon, and Charles Johnson representing both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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