Updated Dec 4, 2024
JACQUET Acquires Industrial Property From Cohen Asset Management For $16.25M In Santa Fe Springs
9331 Santa Fe Springs Road
$16,250,000
$412/SF
Building Size
39,420 SF
Asset Type
Industrial
Closing
Sep 10, 2024
About this deal
AI
The property asset involved in the transaction is an industrial space located at 9331 Santa Fe Springs Road in the Santa Fe Springs market. The sale price for the property was $16,250,000, encompassing a total area of 39,420 square feet, which translates to a price per square foot of $412.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,250,000
- Address: 9331 Santa Fe Springs Road
- Market: Santa Fe Springs
- Square Footage: 39,420
- Price Per Square Foot: $412
- Buyer: JACQUET
- Seller: Cohen Asset Management
- Brokers: Steffan Morris & Bobby Martinez - Lee & Associates - Irvine
The deal was facilitated by brokers Steffan Morris and Bobby Martinez, who represent the transaction on behalf of Lee & Associates - Irvine. Their involvement was crucial in coordinating the sale between the buyer, JACQUET, and the seller, Cohen Asset Management.
On the Map
$16,250,000
$412/SF
Industrial
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Players
Santa Fe Springs 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93