Updated Oct 28, 2024
Staley Point Capital Acquires Industrial Property In Commerce For $12.95M
2425 Saybrook Avenue, Commerce, CA 90040
$12,950,000
$308/SF
Building Size
42,000 SF
Asset Type
Industrial
Closing
Dec 17, 2021
About this deal
AI
Located at 2425 Saybrook in Commerce, this industrial property was recently sold. The transaction took place on December 17, 2021, with a sale price of $12,950,000. The property spans 42,000 square feet, resulting in a price per square foot of $308. The buyer in this transaction was Staley Point Capital, represented by Eric Staley. The sale was facilitated by JLL, who acted as the broker.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,950,000
- Square Footage: 42,000
- Price Per Square Foot: $308
Eric Staley represented Staley Point Capital as the buyer in this industrial property transaction. JLL played a crucial role as the broker, facilitating the sale.
On the Map
$12,950,000
$308/SF
Industrial
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Commerce 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93