Daily limit: 0/10
Stag Industrial Acquires Scott Road Commerce Center In Menifee For $36M
SOLD
$36,000,000
California
See Similar DealsIndustrial314,294 SF
Sold 11/06/2023
SOLD
Stag Industrial Acquires Scott Road Commerce Center In Menifee For $36M
33360 Zeiders Road & 33380 Zeiders Road
See Similar DealsIndustrial314,294 SF
Sold 11/06/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$114
Total Square Footage:314,294 SF
Transaction Type:Sale
Stag Industrial, a Boston-based REIT, has purchased two industrial buildings in Menifee, California's Inland Empire, for $36 million. The properties, known as Scott Road Commerce Center, offer a combined 157,147 square feet of space in an area with robust rent growth.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $36,000,000
- Address: 33360 & 33380 Zeiders Road
- Market: Menifee
- Acres: 10.6
- Buyer: Stag Industrial - Benjamin Butcher
- Seller: Jupiter Holdings - Edmond F. St. Geme
- Square Footage: 157,147
- Price per Square Foot: $229
The buyer of the Scott Road Commerce Center in Menifee is Stag Industrial, represented by Benjamin Butcher. The seller, Jupiter Holdings, is represented by Edmond F. St. Geme.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,920,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40
Is there something missing? Send suggestions