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11296 Harrel Street

LBA Logistics Acquires Industrial Asset From Ohio STRS In Jurupa Valley For $90.45M
SOLDIndustrial

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

Jeff Chiate

Cushman & Wakefield

Broker

$2.8B

vol

39 deals

Broker
LBA Logistics
LBA LogisticsBuyer

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