Cal Ross Of JLL Represents Seller In $3.55M Sale Of Industrial Property In Montrose
SOLD
$3,550,000
California
See Similar DealsIndustrial12,960 SF
Sold 10/18/2024
SOLD
Cal Ross Of JLL Represents Seller In $3.55M Sale Of Industrial Property In Montrose
3731 Park Place & 3733 Park Place
See Similar DealsIndustrial12,960 SF
Sold 10/18/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$273
Total Square Footage:12,960 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial property located at 3731 & 3733 Park Place in the Montrose market. The sale price was $3,550,000, and the total square footage of the asset is 6,480, resulting in a price per square foot of $547.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,550,000
- Address: 3731 & 3733 Park Place
- Market: Montrose
- Square Footage: 6,480
- Price Per Square Foot: $547
- Seller's Representative: Cal Ross - JLL
The transaction was facilitated by Cal Ross from JLL, who represented the seller in this deal. This interaction highlights the roles of the representatives involved in the process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$189,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73
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