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760 North Batavia Street

McPeek’s Chrysler Dodge Jeep Buys 1.78-Acre Industrial Site In Orange For $8.6M
SOLDIndustrial

McPeek’s Chrysler Dodge Jeep Buys 1.78-Acre Industrial Site In Orange For $8.6M

760 North Batavia Street

$8,600,000

Building Size

Asset Type

Industrial

Closing

Mar 19, 2024

AI

An industrial outdoor site spanning 1.78 acres located at 760 Batavia Street in Orange has been sold for $8.6 million. The property features five storage buildings, catering to the outdoor space needs of McPeek’s Chrysler Dodge Jeep, who purchased the site to complement their sales showroom.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,600,000
  • Market: Orange
  • Address: 760 Batavia Street
  • Asset Type: Industrial
  • Acres: 1.78

Mitch Wright from Bob Wright Industrial Property represented McPeek’s Chrysler Dodge Jeep in the transaction, while Dennis Holt, Devin Ray, and Mike Barreiro from Daum Commercial Real Estate Services acted as the sellers' representatives.

Players

Mike Barreiro

Daum Commercial Real Estate Services

Broker

$17.4M

vol

2 deals

Broker

Orange 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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93