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
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