Mett Kewit Acquires Industrial Property In Wasco From Raj Singel For $3.245M
SOLD
$3,245,000
California
See Similar DealsIndustrial33,000 SF
Sold 03/14/2025
SOLD
Mett Kewit Acquires Industrial Property In Wasco From Raj Singel For $3.245M
591 J Street
See Similar DealsIndustrial33,000 SF
Sold 03/14/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$98
Total Square Footage:33,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,528.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,382.96
Annual Debt Service$184,595.47
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