Updated Oct 28, 2024
Staley Point Capital Acquires Industrial Property In Placentia For $15M
888 W Crowther Ave, Placentia, CA, USA
$15,000,000
$258/SF
Building Size
58,000 SF
Asset Type
Industrial
Closing
Aug 19, 2020
About this deal
AI
Located in Placentia, the industrial property at 888 West Crowther Ave. has been sold in a closed transaction. The property spans an area of 58,000 square feet, with each square foot being valued at $258. The transaction took place on August 19, 2021.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Market: Placentia
Staley Point Capital emerged as the buyer in this deal. Represented by Greenberg Traurig LLP, they finalized the purchase of the property. On the other side of the transaction, JLL Capital Markets acted as the seller's representative.
Players
Placentia 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93