Updated Oct 29, 2024
James Mesa Acquires Property From Surfside Industries LLC For $5.1 Million In Port Hueneme
250 S Surfside Dr, Port Hueneme, CA...
$5,100,000
Building Size
—
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
A six-building industrial asset has been sold for $5,100,000.00 located at 250-278 S. Surfside Drive in Port Hueneme, CA. The property is currently operated as a multi-tenant industrial and RV park, situated on land that is M-1 zoned for manufacturing, processing, and distribution use.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,100,000.00
- Address: 250 S Surfside Dr, Port Hueneme, CA
- Market: Port Hueneme
- Seller: Surfside Industries LLC
- Buyer: James Mesa
- Seller's Representative: John Ochoa-Lee & Associates
- Buyer's Representative: The Becker Group
Chris Roth and Rusty Williams of Lee & Associates Commercial Real Estate Services – North San Diego County represented the seller alongside John Ochoa of Lee & Associates Ventura. The buyer was represented by the Ventura, Calif.-based firm, The Becker Group.
Players
Port Hueneme 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93