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Lee & Associates Orange Brokers $6.8M Sale Of Garden Grove Industrial Property
SOLD
$6,800,000
California
See Similar DealsIndustrial26,000 SF
Sold 03/25/2024
SOLD
Lee & Associates Orange Brokers $6.8M Sale Of Garden Grove Industrial Property
7571 Santa Rita Circle
See Similar DealsIndustrial26,000 SF
Sold 03/25/2024
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$261
Total Square Footage:26,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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