BLT Enterprises Acquires Industrial Property In Costa Mesa For $23.25M
3539 Howard Way
$23,250,000
$176/SF
Building Size
131,551 SF
Asset Type
Industrial
Closing
Sep 13, 2022
AI
The industrial property located at 3539 Howard Way in Costa Mesa, CA has been sold in a closed transaction. The property spans an area of 131,551 square feet and was purchased for a price of $23,250,000, resulting in a price per square foot of $177.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $23,250,000
- Address: 3539 Howard Way, Costa Mesa, CA
- Market: Costa Mesa, CA
- Buyer: BLT Enterprises - Robert Solomon & Lukas Huberman (Lukas.Ian)
- Seller: Fortress Investment Group - David Hammerman
- Brokers: Brad McCoy, Conor Halloran & David Wilson - Lee West LA
Brad McCoy, Conor Halloran, and David Wilson, representing Lee West LA, facilitated the transaction as brokers. The buyer, BLT Enterprises, was represented by Robert Solomon and Lukas Huberman (Lukas.Ian), while the seller, Fortress Investment Group, was represented by David Hammerman.
Players
Costa Mesa 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93