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:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 3201 S Susan St, Santa Ana, CA, 92704
- Market: Santa Ana
- Seller's Representatives: Adam Baxter - STREAM Capital Partners, Adam English - STREAM Capital Partners, Jonathan Wolfe
- Buyer: CenterPoint Properties
- Square Footage: 202,522
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
Santa Ana Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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