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
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.
Players
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93