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515 South Melrose Street

Sam Partida Purchases Industrial Property From Setsuko Krickl In Placentia For $8.8M
SOLDIndustrial

Sam Partida Purchases Industrial Property From Setsuko Krickl In Placentia For $8.8M

515 South Melrose Street

$8,800,000

$335/SF

Building Size

26,250 SF

Asset Type

Industrial

Closing

Aug 12, 2025

AI

The asset located at 515 South Melrose Street in Placentia is an industrial property. It has a total square footage of 26,250 and was sold for a transaction price of $8,800,000, translating to a price per square foot of $335.

Summary of transation details:

Erik Sikes and Garrett McClelland, representing Voit Real Estate Services, facilitated the transaction, serving as the brokers for both the buyer, Sam Partida, and the seller, Setsuko Krickl. The financing for the purchase was provided by Carlo Samson from Statewide CDC.

Players

Garrett McClelland

Voit Real Estate Services

Broker

$25.6M

vol

3 deals

Broker
Voit Real Estate Services
Voit Real Estate ServicesBrokerage
Carlo Samson

Carlo Samson

Statewide CDC

Lender

$15.4M

vol

2 deals

Lender
Statewide CDC
Statewide CDCLender

Placentia Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.80%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93