Updated Feb 12, 2025
38960 Trade Center Drive LLC Sells Industrial Property In Palmdale For $4.4M With NAI Capital
38960 Trade Center Drive
$4,400,000
$196/SF
Building Size
22,448 SF
Asset Type
Industrial
Closing
Feb 11, 2025
About this deal
AI
The industrial property located at 38960 Trade Center Drive in Palmdale, CA has been sold for $4,400,000. The asset covers a total area of 22,448 square feet and was fully leased to Bimbo Bakeries USA at the time of sale.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,400,000
- Square Footage: 22,448 SF
- Address: 38960 Trade Center Drive
- Market: Palmdale
- Price per Square Foot: $196
- Seller: 38960 Trade Center Drive, LLC
- Buyer's Representative: Lucy Hartford
- Seller's Representatives: Chris Jackson and Todd Lorber
- Brokerage Firm: NAI Capital Commercial
The transaction involved Chris Jackson and Todd Lorber representing the seller, while Lucy Hartford represented the buyer, a private trust. The brokers facilitated the successful sale of the fully leased industrial asset.
On the Map
$4,400,000
$196/SF
Industrial
View full map
Players
Palmdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Todd Lorber to view all their deals.
Browse Palmdale industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93