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
$133,500,000
$338/SF
Building Size
393,946 SF
Asset Type
Industrial
Closing
Sep 26, 2022
AI
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.
Players
El Monte 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93