Updated Sep 23, 2026
Maks Melvan Purchases Industrial Property From Joe Esteves For $1.21M In Lodi
17 Vreeland Street
$1,210,000
$186/SF
Building Size
6,500 SF
Asset Type
Industrial
Closing
Sep 10, 2026
About this deal
AI
The property asset involved in this transaction is an industrial space located at 17 Vreeland Street in Lodi, with a sale price of $1,210,000. The total square footage of the property is 6,500, resulting in a price per square foot of $186.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,210,000
- Address: 17 Vreeland Street
- Market: Lodi
- Square Footage: 6,500
- Price per Square Foot: $186
- Buyer: Maks Melvan
- Seller: Joe Esteves
- Brokers: Bruce Elia & Naeihomy Castillo - Keller Williams Realty
This transaction features the involvement of two brokers, Bruce Elia and Naeihomy Castillo, representing the seller, Joe Esteves, as part of their services through Keller Williams Realty. The buyer of the property is Maks Melvan, completing the deal in September 2026.
On the Map
$1,210,000
$186/SF
Industrial
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Players
Lodi 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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93