James Capital Advisors Acquires Industrial Property In Palmdale For $2.035M
39360 3rd Street East, Palmdale, California 93550, United States
$2,035,000
$103/SF
Building Size
19,587 SF
Asset Type
Industrial
Closing
Jan 21, 2022
AI
Summary of transaction details
- Property Type: Industrial
- Sale Price: $2,035,000
- Square Footage: 19,587
- Price per Square Foot: $103
- Address: 39360 3rd Street East, Palmdale
The industrial property located at 39360 3rd Street East in Palmdale has been sold for a total price of $2,035,000. The property spans across an area of 19,587 square feet, resulting in a price per square foot of $103. The transaction took place on 12/27/2021.
Randy Schoch, Reed Melillo, and Mike James of James Capital Advisors served as the brokers for this deal.
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
7.80%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93