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Staley Point Capital Acquires Industrial Property In Commerce For $12.95M

Property Image
SOLD
$12,950,000

California

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Industrial42,000 SF
Sold 12/17/2021
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Property Image
SOLD

Staley Point Capital Acquires Industrial Property In Commerce For $12.95M

2425 Saybrook Avenue, Commerce, CA 90040

See Similar Deals
Industrial42,000 SF
Sold 12/17/2021
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$308
Total Square Footage:42,000 SF
Transaction Type:Sale

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.

Players

ES
4 deals$157M volume
BUYER

Details

SOLD
IMAGE: Eric Staley DATE: 12/17/2021 ADDRESS: 2425 Saybrook MARKET: Commerce ASSET TYPE: Industrial BUYER: Staley Point Capital - Eric Staley BROKER: JLL SALE PRICE: $12,950,000 SF: 42,000 ~ PPSF: $308

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$690,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,008.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,389.61
Annual Debt Service$736,675.28