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3500 Willow Glen Lane, West...

Behrouz Soroudi Acquires Industrial Property In Ventura County For $19.75M With Brokers Grant Fulkerson & Mike Tingus
SOLDIndustrial

Behrouz Soroudi Acquires Industrial Property In Ventura County For $19.75M With Brokers Grant Fulkerson & Mike Tingus

3500 Willow Glen Lane, West Covina, CA, USA

$19,750,000

$189/SF

Building Size

104,267 SF

Asset Type

Industrial

Closing

Jul 27, 2020

AI

3500 Willow Lane, located in Ventura County, was recently sold in a closed transaction. The industrial property spans over 104,267 square feet and was sold for $19,750,000, resulting in a price per square foot of $189. The sale took place on July 27, 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $19,750,000
  • Address: 3500 Willow Lane, Ventura County
  • Square Footage: 104,267
  • Price per Square Foot: $189

The buyer in this transaction was Behrouz Soroudi, while Robert Martin was the seller. Representing the buyer and seller respectively were Grant Fulkerson - SIOR and Mike Tingus. Grant Fulkerson and Mike Tingus facilitated the successful sale of the industrial property.

Players

Mike Tingus

Lee & Associates

Broker

$297M

vol

24 deals

Broker

Behrouz Soroudi

Buyer

$59.5M

vol

2 deals

Buyer

Robert Martin

Co

Seller

$947.7M

vol

6 deals

Seller

West Covina 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

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93