Dedeaux Properties Acquires Industrial Property In Kern County For $4.68M
5151 North Wheeler Ridge Road, Arvin, California 93203, United States
$4,680,000
Building Size
—
Asset Type
Industrial
Closing
Feb 10, 2022
AI
The industrial property located at 5151 Wheeler Ridge Rd. in Kern County has been sold. The property spans across 12 acres, making it a substantial asset in the market. The sale of this property took place on February 11, 2022.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $4,680,000
- Address: 5151 Wheeler Ridge Rd.
- Market: Kern County
- Acres: 12
The buyer of this property is Dedeaux Properties, represented by Brett Dedeaux and Rishi Thakkar. They successfully acquired this industrial asset for the aforementioned price. This transaction demonstrates the active real estate market in Kern County and the significant investment made by Dedeaux Properties.
Players
Arvin 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
3.39%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93