Maxcare Acquires Industrial Property In Santa Ana For $20.4M
SOLD
California
See Similar DealsIndustrial116,575 SF
Sold 09/30/2020
SOLD
Maxcare Acquires Industrial Property In Santa Ana For $20.4M
2700 S Fairview St, Santa Ana, CA 92704, USA
See Similar DealsIndustrial116,575 SF
Sold 09/30/2020
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
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
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