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Jonathan Slager & Robert Morse Of Bridge Investment Group Acquire Industrial Property In Anaheim For $9.2M

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SOLD
$9,200,000

California

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Industrial
Sold 10/01/2025
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SOLD

Jonathan Slager & Robert Morse Of Bridge Investment Group Acquire Industrial Property In Anaheim For $9.2M

305 North Crescent Way

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Industrial
Sold 10/01/2025
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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

13 deals$838.7M volume
BUYER

Jonathan Slager
Bridge Investment Group
27 deals$1.9B volume
BUYER

Details

SOLD
IMAGE: Jonathan Slager & Robert Morse DATE: 10/01/2025 ADDRESS: 305 North Crescent Way MARKET: Anaheim ASSET TYPE: Industrial ~ ACRES: 2.03 BUYER: Jonathan Slager & Robert Morse - Bridge Investment Group (@Bridge.CRE) SELLER: Rentokil North America BROKER: undefined - JLL (@JLL) SALE PRICE: $9,200,000 NOTE: Bridge Investment Group purchased a 29,845-square-foot industrial property at 305 N. Crescent Way in Anaheim from Rentokil North America for $9.2 million in a 10-year sale-leaseback deal. JLL marketed the property, which will remain fully occupied by Rentokil, generating $573,024 in first-year net income with 3.5% annual rent increases.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
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