Vectra Management Group Acquires Industrial Property In Brea, CA For $17.5M
SOLD
California
See Similar DealsIndustrial138,710 SF
Sold 10/24/2022
SOLD
Vectra Management Group Acquires Industrial Property In Brea, CA For $17.5M
350 Ranger Street
See Similar DealsIndustrial138,710 SF
Sold 10/24/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$126
Total Square Footage:138,710 SF
Transaction Type:Sale
An industrial property located at 350 Ranger St in Brea, CA was recently sold for $17,500,000. The property spans 138,710 square feet, resulting in a price per square foot of $126.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $17,500,000
- Address: 350 Ranger St, Brea, CA
- Market: Brea, CA
The buyer in this transaction was Vectra Management Group, while the seller was Saunders Property Company, represented by John Saunders. Anthony DeLorenzo, Bryan Johnson, Gary Stache, and Nick Williams from CBRE acted as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
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