Saarloos Family Acquires Industrial Property In Ventura From Shiah Family For $3.21M
4893 Mcgrath Street
$3,210,000
$219/SF
Building Size
14,630 SF
Asset Type
Industrial
Closing
Feb 13, 2024
AI
The industrial property located at 4893 Mcgrath Street in Ventura was recently sold in a transaction between the Saarloos Family, the buyers, and the Shiah Family, the sellers. The sale price for this asset was $3,210,000, with a total square footage of 14,630. This places the price per square foot at $219 in this deal brokered by Justin Seigel and Dieter Tack from ADR Preferred Business Properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,210,000
- Address: 4893 Mcgrath Street
- Market: Ventura
Justin Seigel and Dieter Tack, representing ADR Preferred Business Properties, played crucial roles in facilitating the sale of the industrial property. The Saarloos Family, as the buyers, successfully acquired the asset from the Shiah Family, the sellers, in this significant transaction.
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
4.94%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93