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4544 Mcgrath Street, Ventur...

Aquastar Pool Products Inc. Acquires Industrial Property In Ventura For $11.05M
SOLDIndustrial

Aquastar Pool Products Inc. Acquires Industrial Property In Ventura For $11.05M

4544 Mcgrath Street, Ventura, California 93003, United States

$11,050,000

$132/SF

Building Size

83,446 SF

Asset Type

Industrial

Closing

Jan 25, 2022

AI

A 4.44-acre industrial property located at 4544 McGrath Street in Ventura, California, has been sold in a recent transaction. The property was purchased by Aquastar Pool Products Inc. from Pacific Prime Properties for a sale price of $11,050,000. The property spans a total of 83,446 square feet, resulting in a price per square foot of $132.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,050,000
  • Address: 4544 McGrath Street, Ventura, California
  • Market: Ventura
  • Acres: 4.44

The buyer, Aquastar Pool Products Inc., was represented by Alex Olsen from The Becker Group Inc. On the other hand, the seller, Pacific Prime Properties, was represented by John DeGrinis, Patrick DuRoss, and Jeff Abraham from Newmark.

Players

John DeGrinis

Newmark

Broker

$123.1M

vol

7 deals

Broker

Ventura 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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93