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Maxcare Acquires Industrial Property In Santa Ana For $20.4M

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SOLD
$20,400,000

California

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Industrial116,575 SF
Sold 09/30/2020
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Property Image
SOLD

Maxcare Acquires Industrial Property In Santa Ana For $20.4M

2700 S Fairview St, Santa Ana, CA 92704, USA

See Similar Deals
Industrial116,575 SF
Sold 09/30/2020
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:116,575 SF
Transaction Type:Sale

The industrial property located at 2700-2722 S Fairview in Santa Ana has been sold in a closed transaction. The property has a total area of 116,575 square feet and was sold at a price of $20,400,000, resulting in a price per square foot of $174. The buyer of the property is Maxcare, while the seller is Rexford.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $20,400,000
  • Square Footage: 116,575
  • Price Per Square Foot: $174
  • Address: 2700-2722 S Fairview, Santa Ana
  • Market: Santa Ana

Steffan Morris and Byron Foss from JLL represented Maxcare as their buyer's representatives in this transaction.

Players

Byron Foss
2 deals$30.4M volume
BROKER

Steffan Morris
Lee & Associates
7 deals$132.8M volume
BROKER

Rexford Industrial
BROKERAGE

Details

SOLD
IMAGE: IMAGE: Steffan Morris & Byron Foss DATE: 09/30/2020 ADDRESS: 2700-2722 S Fairview MARKET: Santa Ana ASSET TYPE: Industrial BUYER: Maxcare SELLER: Rexford BUYER’S REP: Steffan Morris, Byron Foss – JLL PRICE: $20,400,000 SF: 116,575 / PPSF: $174

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

$1,087,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$72,476.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$96,706.41
Annual Debt Service$1,160,476.89