Spectrum Commercial Real Estate Brokers $4.5M Sale Of Valencia Industrial Property
28528 Industry Drive
$4,500,000
$285/SF
Building Size
15,790 SF
Asset Type
Industrial
Closing
Dec 19, 2023
AI
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
Valencia Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93