BLT Enterprises Acquires Industrial Property In Costa Mesa From Fortress Investment Group 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 property asset involved in this transaction is an industrial space located at 3539 Howard Way in Costa Mesa, CA. The sale price of the property was $23,250,000, encompassing a total square footage of 131,551, which results in a price per square foot of $177.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,250,000
- Address: 3539 Howard Way
- Market: Costa Mesa, CA
- Seller: Fortress Investment Group - David Hammerman
- Buyer: BLT Enterprises - Lukas Huberman & Robert Solomon
- Brokers: Jace Gan & Clyde Stauff - Colliers
In this deal, Fortress Investment Group was represented by David Hammerman, while the buyer, BLT Enterprises, was represented by Lukas Huberman and Robert Solomon. The brokerage team facilitating the transaction included Jace Gan and Clyde Stauff from Colliers.
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