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
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