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

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SOLD
$8,800,000

California

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Industrial26,250 SF
Sold 08/12/2025
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SOLD

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

515 South Melrose Street

See Similar Deals
Industrial26,250 SF
Sold 08/12/2025
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$335
Total Square Footage:26,250 SF
Transaction Type:Sale

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
3 deals$25.6M volume(949) 263-5302
BROKER

Erik Sikes
Voit Real Estate Services
3 deals$25.6M volume(949) 263-5344
BROKER

Voit Real Estate Services
BROKERAGE

Carlo Samson
Statewide CDC
2 deals$15.4M volume
LENDER

Details

SOLD
IMAGE: Erik Sikes & Garrett McClelland DATE: 08/12/2025 ADDRESS: 515 South Melrose Street MARKET: Placentia ASSET TYPE: Industrial BUYER: Sam Partida SELLER: Setsuko Krickl BROKERS: Erik Sikes (@ErikSikes) & Garrett McClelland - Voit Real Estate Services (@VoitRealEstate) FINANCING PROVIDED: Carlo Samson - Statewide CDC SALE PRICE: $8,800,000 SF: 26,250 ~ PPSF: $335

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
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