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
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