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1050 South State College Bo...

Bruce Schneider Of Future Foam Inc. Acquires Fullerton Industrial Facility For $145M From Deanna D. Strable
SOLDIndustrial

Bruce Schneider Of Future Foam Inc. Acquires Fullerton Industrial Facility For $145M From Deanna D. Strable

1050 South State College Boulevard

$145,000,000

$689/SF

Building Size

210,400 SF

Asset Type

Industrial

Closing

Oct 2, 2025

AI

The industrial property located at 1050 South State College Boulevard in Fullerton features a total square footage of 210,400. Future Foam Inc. acquired this facility from Principal Financial Group for a transaction amount of $145,000,000, equating to a price per square foot of $689. This sale is noted as the highest per-square-foot industrial sale in Orange County for the year 2025.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $145,000,000
  • Buyer: Bruce Schneider - Future Foam Inc.
  • Seller: Deanna D. Strable - Principal Financial Group
  • Sale Price per Square Foot: $689
  • Previous Purchase Price: $52,600,000
  • Transaction Date: 10/02/2025

This transaction highlights Bruce Schneider representing Future Foam Inc., acquiring the property from Deanna D. Strable, who represents Principal Financial Group in this deal. The property was purchased for nearly triple the amount that Principal Financial Group paid in 2022, indicating a substantial increase in market value.

Players

PG
Principal Financial GroupSeller

Fullerton 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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93