Updated Oct 29, 2024
Principal Financial Group Acquires Industrial Property In Fullerton For $52.6M
1050 South State College Boulevard
$52,560,000
$250,285/SF
Building Size
210 SF
Asset Type
Industrial
Closing
Jan 20, 2023
About this deal
AI
The industrial property located at 1050 South State College Blvd in Fullerton has been sold. The property spans across 17.03 acres and is part of the industrial asset type. The transaction was completed on January 20, 2023, and the sale price was $52,560,000. The property offers 210,400 square feet of space, resulting in a price per square foot of $240.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $52,560,000
- Property Address: 1050 South State College Blvd, Fullerton
- Market: Fullerton
- Acres: 17.03
The buyer of the property was Principal Financial Group, represented by Daniel J. Houston. Oltmans Investment Co. was the seller in this transaction. Kidder Mathews acted as the broker for the deal.
Players
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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93