LBA Logistics Acquires Industrial Asset From Ohio STRS In Jurupa Valley For $90.45M
11296 Harrel Street
$90,450,000
$256/SF
Building Size
353,361 SF
Asset Type
Industrial
Closing
Mar 31, 2025
AI
The industrial property located at 11296 Harrel Street in Jurupa Valley has been sold for $90,450,000. The asset encompasses a total area of 353,361 square feet, resulting in a price per square foot of $255.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $90,450,000
- Buyer: LBA Logistics
- Seller: Ohio STRS
- Brokers: Jeff Chiate, Rick Ellison, Matt Leupold & Aubrie Monahan - Cushman & Wakefield
This transaction was facilitated by a team of brokers from Cushman & Wakefield, which included Jeff Chiate, Rick Ellison, Matt Leupold, and Aubrie Monahan, representing the buyer and seller in the deal.
Players
Jurupa Valley 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93