Updated Oct 29, 2024
Orange County-based Firm Acquires 13.6K SF Santee Industrial Property For $3.95M
9425 Wheatlands Ct Santee, CA 92071, USA
$3,950,000
$289/SF
Building Size
13,660 SF
Asset Type
Industrial
Closing
Jul 28, 2023
About this deal
AI
A 13,660-square-foot industrial property located at 9425 Wheatlands Court in Santee has been sold for $3.95 million, according to CBRE. The property, built in 1982, consists of 11,696 square feet of warehouse and storage space. It is situated in the Santee market and was purchased by an Orange County-based firm.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,950,000
- SF: 13,660
- PPSF: $289
- Address: 9425 Wheatlands Court
- Market: Santee
The sale was facilitated by CBRE, with Matt Pourcho, Anthony DeLorenzo, Matt Harris, Bryan Johnson, and Nick Williams representing the sellers, Whittier Trust Company. The buyers were an Orange County-based firm. The property comes with a triple-net lease signed by the current tenant for five years.
Players
Los Angeles 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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93