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4893 Mcgrath Street

Saarloos Family Acquires Industrial Property In Ventura From Shiah Family For $3.21M
SOLDIndustrial

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

Justin Seigel

ADR Preferred Business Properties

Broker

$29.5M

vol

13 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

4.94%

Cash-on-Cash

-1.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93