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38960 Trade Center Drive LLC Sells Industrial Property In Palmdale For $4.4M With NAI Capital
SOLD
$4,400,000
California
See Similar DealsIndustrial22,448 SF
Sold 02/11/2025
SOLD
38960 Trade Center Drive LLC Sells Industrial Property In Palmdale For $4.4M With NAI Capital
38960 Trade Center Drive
See Similar DealsIndustrial22,448 SF
Sold 02/11/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$196
Total Square Footage:22,448 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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