TA Realty Acquires City Of Industry & Corona Industrial Property For $133.5M With Broker Reps Stefan Pastor & Brad Yates
SOLD
$133,500,000
California
See Similar DealsIndustrial393,946 SF
Sold 09/27/2022
SOLD
TA Realty Acquires City Of Industry & Corona Industrial Property For $133.5M With Broker Reps Stefan Pastor & Brad Yates
120 Puente Avenue, City of Industry, California 91746, United States
See Similar DealsIndustrial393,946 SF
Sold 09/27/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$338
Total Square Footage:393,946 SF
Transaction Type:Sale
TA Realty has acquired an industrial property located at 120 Puente Ave and 451 Cota Street in the City of Industry and Corona, CA. The property spans a total of 393,946 square feet and was sold by JCS Properties LLC. The deal was facilitated by Stefan Pastor and Brad Yates from Stream Realty Partners. The transaction took place on September 27, 2022, with a sale price of $133,500,000 and a price per square foot of $678.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $133,500,000
- Address: 120 Puente Ave & 451 Cota Street
- Market: City of Industry & Corona, CA
- Buyer: TA Realty - Michael Ruane
- Seller: JCS Properties LLC
- Brokers: Stefan Pastor & Brad Yates - Stream Realty Partners
The acquisition of the industrial property was spearheaded by TA Realty, represented by Michael Ruane. Stefan Pastor and Brad Yates from Stream Realty Partners acted as the brokers for the deal. The transaction showcased a significant sale price of $133,500,000, resulting in a price per square foot of $678.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,120,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$474,297.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$632,858.11
Annual Debt Service$7,594,297.30
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