Updated Oct 14, 2026
Lee Garriott Acquires Industrial Asset From Kenneth Tan In Santa Ana For $4.31M
501 South Santa Fe Street
$4,310,000
$449/SF
Building Size
9,580 SF
Asset Type
Industrial
Closing
Nov 25, 2024
About this deal
AI
The asset involved in this closed transaction is an industrial property located at 501 South Santa Fe Street in the Santa Ana market. The sale was finalized at a price of $4,310,000, encompassing a total square footage of 9,580. The price per square foot is calculated at $449.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,310,000
- Square Footage: 9,580
- Price per Square Foot: $449
- Buyer: Lee Garriott
- Seller: Kenneth Tan
- Buyer's Representative: Jaxson Maurer & Matt Kurz - West Coast Commercial Realty
- Seller's Representative: Todd Martens - Voit Real Estate Services
This transaction involved key individuals and companies in the real estate market. Jaxson Maurer and Matt Kurz represented the buyer, Lee Garriott, while Todd Martens acted on behalf of the seller, Kenneth Tan. Each representative is affiliated with their respective firms, facilitating the successful transfer of the industrial asset.
On the Map
$4,310,000
$449/SF
Industrial
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Players
Santa Ana 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
3.68%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93