Updated Oct 28, 2024
Dornin Investment Group Sells Industrial Property In Laguna Beach For $22M
2133 Laguna Canyon Road, Laguna Beach, California 92651, United States
$22,000,000
$733/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
May 18, 2022
About this deal
AI
2133-2147 & 2171-2183 Laguna Canyon Road in Laguna Beach, California, was recently sold for $22,000,000. This industrial property spans approximately 30,000 square feet, resulting in a price per square foot of $733. The sale took place on May 19, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $22,000,000
- Square Footage: 30,000
- Price Per Square Foot: $733
- Market: Laguna Beach
- Seller: Dornin Investment Group
- Brokers: Anthony DeLorenzo, Sammy Cemo & Bryan Johnson
The seller of the property was Dornin Investment Group. The transaction was facilitated by brokers Anthony DeLorenzo, Sammy Cemo, and Bryan Johnson.
Players
Laguna Beach 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93