Updated Oct 29, 2024
Sanger Properties Acquires Industrial Property In Victorville For $6M
18350 George Boulevard
$6,000,000
$216/SF
Building Size
27,708 SF
Asset Type
Industrial
Closing
Jan 8, 2023
About this deal
AI
The industrial property located at 18350 George Blvd in Victorville has been sold in a recent transaction. The property spans a total area of 27,708 square feet and is situated in the Victorville market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Price per Square Foot: $217
- Buyer: Sanger Properties
- Seller: Vertical Peak Holdings
- Brokers: Donald P. Brown, Elizabeth A. Brown & Joseph Hisquierdo - Lee & Associates
- Date: 01/09/2023
The buyer in this transaction is Sanger Properties, while the seller is Vertical Peak Holdings. The deal was facilitated by brokers Donald P. Brown, Elizabeth A. Brown, and Joseph Hisquierdo from Lee & Associates. The sale price of the property was $6,000,000, with a price per square foot of $217.
Players
Victorville 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93