Esra Ainhorn Acquires Industrial Property In Lancaster For $1.65M
SOLD
$1,650,000
California
See Similar DealsIndustrial11,970 SF
Sold 11/15/2023
SOLD
Esra Ainhorn Acquires Industrial Property In Lancaster For $1.65M
2243 East Avenue I
See Similar DealsIndustrial11,970 SF
Sold 11/15/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:11,970 SF
Transaction Type:Sale
A 11,970 square foot industrial property located at 2243 East Avenue I in Lancaster has been sold for $1,650,000. The property was bought by Esra Ainhorn from seller Sarkis Andinyan. The deal was facilitated by broker Josh Markowitz of Markowitz Commercial Real Estate.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,650,000
- Address: 2243 East Avenue I, Lancaster
Esra Ainhorn purchased the industrial property at 2243 East Avenue I in Lancaster for a total of $1,650,000. The buyer was represented by broker Josh Markowitz from Markowitz Commercial Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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