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:
- Property Type: Industrial
- Transaction Amount: $8,800,000
- Buyer: Sam Partida
- Seller: Setsuko Krickl
- Brokers: Erik Sikes & Garrett McClelland - Voit Real Estate Services
- Financing Provided: Carlo Samson - Statewide CDC
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
Placentia 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93