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3201 S Susan St, Santa Ana,...

CenterPoint Properties Acquires 202522 SF Property At 3201 S Susan St, Santa Ana
SOLDIndustrial

CenterPoint Properties Acquires 202522 SF Property At 3201 S Susan St, Santa Ana

3201 S Susan St, Santa Ana, CA, 92704

Building Size

202,522 SF

Asset Type

Industrial

Closing

Oct 23, 2019

AI

CenterPoint Properties has purchased an industrial asset situated on 10.5 acres at 3201 S. Susan St. in Santa Ana. The property spans 202,522 square feet, featuring 24-foot clear heights, drive-around access, multiple entry points, and 195-foot deep truck courts. The acquisition includes a lease-back agreement with The Dixie Group, a carpet and flooring manufacturer.

Summary of transaction details:

Adam English, Adam Baxter, and Jonathan Wolfe from STREAM Capital Partners represented the undisclosed seller in this sale. This acquisition marks CenterPoint Properties' second industrial purchase exceeding 200,000 square feet in Orange County this year.

Players

Jonathan Wolfe

Broker

$135M

vol

2 deals

Broker
CenterPoint Properties
CenterPoint PropertiesBuyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93