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Jonathan Slager & Robert Morse Of Bridge Investment Group Acquire Industrial Property In Anaheim For $9.2M
SOLD
California
See Similar DealsIndustrial
Sold 10/01/2025
SOLD
Jonathan Slager & Robert Morse Of Bridge Investment Group Acquire Industrial Property In Anaheim For $9.2M
305 North Crescent Way
See Similar DealsIndustrial
Sold 10/01/2025
Summary
CALIFORNIA
Asset Type:Industrial
Transaction Type:Sale
A 29,845-square-foot industrial property located at 305 North Crescent Way in Anaheim has been sold for $9.2 million. The property spans 2.03 acres and is fully occupied by the seller, Rentokil North America.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,200,000
- Buyer: Jonathan Slager & Robert Morse - Bridge Investment Group
- Seller: Rentokil North America
- Broker: undefined - JLL
- Location: Anaheim
- Asset Size: 29,845 square feet
- Lot Size: 2.03 acres
- First-Year Net Income: $573,024
- Lease Term: 10-year sale-leaseback
- Annual Rent Increases: 3.5%
Bridge Investment Group, represented by Jonathan Slager and Robert Morse, has completed this transaction, with JLL acting as the broker for the sale. The deal ensures that Rentokil North America will continue to occupy the property, creating a stable investment for the buyer.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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