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2021 1st Street, San Fernan...

Stos Partners Acquires Industrial Property In San Fernando For $5.9M
SOLDIndustrial

Stos Partners Acquires Industrial Property In San Fernando For $5.9M

2021 1st Street, San Fernando, California 91340, United States

$5,900,000

$308/SF

Building Size

19,105 SF

Asset Type

Industrial

Closing

Jun 7, 2022

AI

Stos Partners recently acquired an industrial property located at 2021 1st St. in San Fernando. The property spans approximately 19,105 square feet and was sold for a total of $5,900,000, resulting in a price per square foot of $308. The sale took place on June 8, 2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,900,000
  • Address: 2021 1st St.
  • Market: San Fernando

The buyer, Stos Partners, was represented in the transaction by Andrey Mindirgasov of Newmark. Further details regarding the buyer's representative and the other parties involved in the deal are not provided in the available information.

Players

Andrey Mindirgasov

Colliers

Broker

$168.2M

vol

10 deals

Broker
Newmark
NewmarkBrokerage
Stos Partners
Stos Partners Buyer

San Fernando 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

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93