Updated Dec 21, 2023
Peter Padden & James Capital Advisors Facilitate $6M Sale Of Industrial Asset In Santa Rosa
2049 West Steele Lane, Santa Rosa, CA, USA
$6,000,000
$312/SF
Building Size
19,230 SF
Asset Type
Industrial
Closing
Apr 19, 2021
About this deal
AI
Located at 2049 W Steele Lane in Santa Rosa, California, this industrial property was recently sold in a closed transaction. The sale was facilitated by Peter Padden of James Capital Advisors and Paul Capra of Lee & Associates Real Estate, representing the buyer. The asset spans a total area of 19,230 square feet, with a gross leasable area of 19,200 square feet. The sale price for this property was $6,000,000, resulting in a price per square foot of $312.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Address: 2049 W Steele Lane, Santa Rosa, California
- Market: Santa Rosa
A notable aspect of this transaction is that Peter Padden of James Capital Advisors successfully managed the capital raise for an award-winning cannabis industry operator through the sale leaseback of this single tenant net leased industrial asset in Santa Rosa, California.
Players
Santa Rosa 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