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Spectrum Commercial Real Estate Brokers $4.5M Sale Of Valencia Industrial Property

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SOLD
$4,500,000

California

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Industrial15,790 SF
Sold 12/19/2023
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Property Image
SOLD

Spectrum Commercial Real Estate Brokers $4.5M Sale Of Valencia Industrial Property

28528 Industry Drive

See Similar Deals
Industrial15,790 SF
Sold 12/19/2023
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$285
Total Square Footage:15,790 SF
Transaction Type:Sale

The industrial property located at 28528 Industry Drive in Valencia has been sold for a price of $4,500,000. The property spans a total area of 15,790 square feet, resulting in a price per square foot of $285. The transaction was facilitated by Yair Haimoff, Matt Sreden, and Andrew Ghassemi of Spectrum Commercial Real Estate.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $4,500,000
  • Address: 28528 Industry Drive
  • Market: Valencia
  • Square footage: 15,790
  • Price per square foot: $285
  • BROKERS: Yair Haimoff, Matt Sreden & Andrew Ghassemi - Spectrum Commercial Real Estate

The deal was successfully negotiated by Yair Haimoff, Matt Sreden, and Andrew Ghassemi. They acted as representatives of the buyer and seller in this transaction, showcasing their expertise in the industrial property market.

Players

Yair Haimoff
38 deals$165.3M volume
BROKER

Matt Sreden
Spectrum Commercial Real Estate
7 deals$22.6M volume
BROKER

Andrew Ghassemi
Spectrum Commercial Real Estate
4 deals$13.9M volume(661) 212-3956
BROKER

Details

SOLD
IMAGE: Yair Haimoff, Matt Sreden & Andrew Ghassemi DATE: 12/19/2023 ADDRESS: 28528 Industry Drive MARKET: Valencia ASSET TYPE: Industrial BROKERS: Yair Haimoff, Matt Sreden (@MattSreden) & Andrew Ghassemi - Spectrum Commercial Real Estate (@SpectrumCREInc) SALE PRICE: $4,500,000 SF: 15,790 ~ PPSF: $285

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

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55