EquipmentShare Acquires Industrial Property On Columbia Way In Lancaster For $3.78M
SOLD
$3,780,000
California
See Similar DealsIndustrial22,995 SF
Sold 06/09/2023
SOLD
EquipmentShare Acquires Industrial Property On Columbia Way In Lancaster For $3.78M
811 Columbia Way Lancaster, CA 93535, USA
See Similar DealsIndustrial22,995 SF
Sold 06/09/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$164
Total Square Footage:22,995 SF
Transaction Type:Sale
An industrial property located at 811 Columbia Way in Lancaster has been sold. The property spans 22,995 square feet and was sold for a price of $3,780,000, resulting in a price per square foot of $164.
Summary of Transaction Details:
- Property Type: Industrial
- Sale Price: $3,780,000
- Square Footage: 22,995
- Price per Square Foot: $164
- Address: 811 Columbia Way
- Market: Lancaster
The buyer of the property is EquipmentShare, while the sellers are George Gevorkyan and Gary Boranyan. Eric Rodriguez from Lifestyle Realty represented the buyer, and Josh Markowitz from Markowitz Commercial Real Estate Inc represented the sellers.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$201,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,429.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,919.13
Annual Debt Service$215,029.54
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