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591 J Street

Mett Kewit Acquires Industrial Property In Wasco From Raj Singel For $3.245M
SOLDIndustrial

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:

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

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

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