facebook
Traded Co logo
Submit

Lance Washington Of Mar Vista Partners Closes $6.5M Industrial Sale In Lancaster

Property Image
SOLD
$6,500,000

California

See Similar Deals
Industrial21,000 SF
Sold 05/10/2024
the dealplayerscompscontact
Property Image
SOLD

Lance Washington Of Mar Vista Partners Closes $6.5M Industrial Sale In Lancaster

44211 Yucca Avenue

See Similar Deals
Industrial21,000 SF
Sold 05/10/2024
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$309
Total Square Footage:21,000 SF
Transaction Type:Sale

The industrial property located at 44211 Yucca Avenue in Lancaster was sold for $6,500,000. Spanning 21,000 square feet, the property was acquired at a price of $310 per square foot. The original asking price for the property was $7,900,000.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $6,500,000
  • Address: 44211 Yucca Avenue
  • Market: Lancaster
  • SF: 21,000
  • PPSF: $310

Lance Washington of Mar Vista Partners represented the buyer in this transaction. A notable aspect of this deal was the inclusion of an operational business at the property as a secondary component of the sale, making up part of the total sale price.

Players

Lance Washington
3 deals$15.5M volume
BROKER

Details

SOLD
IMAGE: Lance Washington DATE: 05/10/2024 ADDRESS: 44211 Yucca Avenue MARKET: Lancaster ASSET TYPE: Industrial BUYER'S REP: Lance Washington - Mar Vista Partners (@MarVistaPartners) SALE PRICE: $6,500,000 SF: 21,000 ~ PPSF: $310 NOTE FROM BUYER'S REP: Operational business at the subject property was a secondary transaction included in the total sale price. Original asking was $7,900,000.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$346,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79