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2855 Pullman St, Santa Ana,...

Ontario South M3 Acquires Industrial Property In Santa Ana, CA For $5.45M
SOLDIndustrial

Ontario South M3 Acquires Industrial Property In Santa Ana, CA For $5.45M

2855 Pullman St, Santa Ana, CA 92705, USA

$5,450,000

$375/SF

Building Size

14,500 SF

Asset Type

Industrial

Closing

Nov 23, 2022

AI

The industrial property located at 2855 Pullman St in Santa Ana, CA has been sold in a recent transaction. The property spans a total area of 14,500 square feet and was sold for a price of $5,450,000, resulting in a price per square foot of $376. The buyer in this transaction is Ontario South M3, represented by Jonathan Gabriel Jordan. The seller is Purely Real Estate.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,450,000
  • Square Footage: 14,500
  • Sale Price per Square Foot: $376
  • Address: 2855 Pullman St, Santa Ana, CA
  • Market: Santa Ana, CA

The buyer, Ontario South M3, was represented by Richard Peterson from Richard Peterson Broker & Associates. On the other hand, Nathan Demosthenes from Cushman & Wakefield served as the seller's representative in this transaction.

Players

Nathan Demosthenes

Cushman & Wakefield

Broker

$49.2M

vol

10 deals

Broker

Santa Ana 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

2.91%

Cash-on-Cash

-0.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93