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
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