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350 Ranger Street

Vectra Management Group Acquires Industrial Property In Brea, CA For $17.5M
SOLDIndustrial

Vectra Management Group Acquires Industrial Property In Brea, CA For $17.5M

350 Ranger Street

$17,500,000

$126/SF

Building Size

138,710 SF

Asset Type

Industrial

Closing

Oct 24, 2022

AI

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.

Players

Bryan Johnson

CBRE

Broker

$763.9M

vol

49 deals

Broker
VG
Vectra Management GroupBuyer
SC
Saunders Property CompanySeller

Brea 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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93