Updated Mar 5, 2025
Rami Dorghalli Purchases Industrial Property From Michael Stein In Palmdale For $3 Million
38940 Trade Center Drive
$3,000,000
$132/SF
Building Size
22,680 SF
Asset Type
Industrial
Closing
Mar 3, 2025
About this deal
AI
The transaction involved the sale of a 22,680 square foot industrial warehouse located at 38940 Trade Center Drive, Palmdale, California. The asset was sold for a total price of $3,000,000, resulting in a price per square foot of $132. The property was previously utilized for sales and distribution and is now situated in the Palmdale Medical Flex zone.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 38940 Trade Center Drive
- Market: Palmdale
- Square Footage: 22,680
- Price Per Square Foot: $132
- Buyer: Rami Dorghalli
- Seller: Michael Stein
- Broker: Josh Markowitz - Markowitz Commercial Real Estate
Markowitz Commercial Real Estate represented both the buyer, Rami Dorghalli, and the seller, Michael Stein, in this transaction. The deal highlights the involvement of Josh Markowitz as the broker facilitating the transaction for both parties.
On the Map
$3,000,000
$132/SF
Industrial
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Palmdale 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93