Updated Dec 4, 2024
Lee & Associates Orange Brokers $6.8M Sale Of Garden Grove Industrial Property
7571 Santa Rita Circle
$6,800,000
$261/SF
Building Size
26,000 SF
Asset Type
Industrial
Closing
Mar 25, 2024
About this deal
AI
The industrial property located at 7571 Santa Rita Circle in Garden Grove, Orange County was sold for $6.8 million. The property spans 26,000 square feet on 1.12 acres and includes industrial and warehouse space with a fenced yard. The sale was facilitated by Greg Diab and Jack Haley of Lee & Associates.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,800,000
- Location: 7571 Santa Rita Circle
- Market: Garden Grove
- Size: 26,000 square feet
- Price per Square Foot: $262
- Brokers: Greg Diab & Jack Haley - Lee & Associates
Jack Haley and Greg Diab from Lee & Associates' Orange office represented both the undisclosed buyer and seller in the transaction of this industrial property. The property features a fenced yard, making it an attractive investment in the Garden Grove industrial market.
Players
Stanton 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93