Mett Kewit Acquires Industrial Property In Wasco From Raj Singel For $3.245M
591 J Street
$3,245,000
$98/SF
Building Size
33,000 SF
Asset Type
Industrial
Closing
Mar 14, 2025
AI
The property asset involved in the transaction is an industrial space located at 591 J Street in the Wasco market. The transaction was finalized for a total price of $3,245,000, encompassing an area of 33,000 square feet, resulting in a price per square foot of $98.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,245,000
- Square Footage: 33,000
- Address: 591 J Street
- Market: Wasco
- Buyer: Mett Kewit
- Seller: Raj Singel
- Brokers: Jake Zacuto, Benjamin Gribnau & Leor Binshtock - Zacuto Group
Key individuals involved in the deal include the buyer Mett Kewit and the seller Raj Singel, with representation from the brokers at Zacuto Group: Jake Zacuto, Benjamin Gribnau, and Leor Binshtock, who facilitated the transaction.
Players
Wasco 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
4.89%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93