Richard Aronoff Acquires Industrial Property In Santa Clarita For $4.1M
SOLD
$4,100,000
California
See Similar DealsIndustrial13,045 SF
Sold 10/14/2022
SOLD
Richard Aronoff Acquires Industrial Property In Santa Clarita For $4.1M
Avenue Tibbitts
See Similar DealsIndustrial13,045 SF
Sold 10/14/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$314
Total Square Footage:13,045 SF
Transaction Type:Sale
The industrial property located at 28410 Ave Tibbitts in Santa Clarita, CA has been sold for a price of $4,100,000. The property spans 13,045 square feet, resulting in a price per square foot of $314. The transaction took place on October 14, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,100,000
- Address: 28410 Ave Tibbitts, Santa Clarita, CA
- Square Footage: 13,045
- Price per Square Foot: $314
- Market: Santa Clarita, CA
The buyer of the property is Richard Aronoff, while the seller is Jamar Packaging. The deal was facilitated by Christopher Erickson and John Erickson of Colliers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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