Updated Oct 29, 2024
Manhattan West Real Estate Acquires Industrial Property In Fountain Valley For $16.5M
18071 Mount Washington Street, Fountain Valley, California 92708, United States
$16,500,000
$279,661/SF
Building Size
59 SF
Asset Type
Industrial
Closing
Jan 2, 2023
About this deal
AI
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.
On the Map
$16,500,000
$279,661/SF
Industrial
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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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93