Bethel Family Acquires Industrial Property In Santa Ana For $2.36M
1820 S Grand Ave Santa Ana, CA 92705, USA
$2,360,000
$210/SF
Building Size
11,200 SF
Asset Type
Industrial
Closing
Aug 11, 2023
AI
The property involved in this transaction is an industrial property located at 1820 S. Grand Ave in Santa Ana. The property spans 11,200 square feet and was sold for a total price of $2,360,000, resulting in a price per square foot of $211.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,360,000
- Address: 1820 S. Grand Ave, Santa Ana
- Market: Santa Ana
- Buyer: Bethel Family
- Seller: Wilkins Family
- Brokers: Justin Seigel & Dieter Tack - ADR Preferred Business Properties
The deal was facilitated by Justin Seigel and Dieter Tack from ADR Preferred Business Properties, who acted as the brokers in this transaction. The buyer, Bethel Family, and the seller, Wilkins Family, successfully completed the deal for the industrial property in Santa Ana.
Players
Santa Ana 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
6.72%
Cash-on-Cash
-1.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93