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2700 S Fairview St, Santa A...

Maxcare Acquires Industrial Property In Santa Ana For $20.4M
SOLDIndustrial

Maxcare Acquires Industrial Property In Santa Ana For $20.4M

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

$20,400,000

$175/SF

Building Size

116,575 SF

Asset Type

Industrial

Closing

Sep 29, 2020

AI

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

JLL

Broker

$30.4M

vol

2 deals

Broker
Rexford Industrial
Rexford IndustrialBrokerage
Rexford Industrial
Rexford IndustrialSeller

Santa Ana Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93