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
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