Brookfield Properties Acquires Industrial Property In West Inland Empire For $13.85M
SOLD
$13,850,000
California
See Similar DealsIndustrial61,536 SF
Sold 08/30/2021
SOLD
Brookfield Properties Acquires Industrial Property In West Inland Empire For $13.85M
11171 Venture Drive, Jurupa Valley, CA, USA
See Similar DealsIndustrial61,536 SF
Sold 08/30/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$225
Total Square Footage:61,536 SF
Transaction Type:Sale
11171 Venture Dr. in West Inland Empire has been sold in an industrial transaction. The property, spanning 61,536 square feet, was sold for a price of $13,850,000, resulting in a price per square foot of $225. The sale took place on August 30, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,850,000
- Address: 11171 Venture Dr.
- Market: West Inland Empire
The buyer of the property was Brookfield Properties, while the seller was Jon Richards. The transaction was facilitated by Shy Assar and Mike Hefner from oitRealEstate.
Note: No further details were provided regarding the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$738,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,206.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,656.07
Annual Debt Service$787,872.79
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