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120 Puente Avenue, City of ...

TA Realty Acquires City Of Industry & Corona Industrial Property For $133.5M With Broker Reps Stefan Pastor & Brad Yates
SOLDIndustrial

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

Brad Yates

Stream Realty Partners⁠

Broker

$232M

vol

7 deals

Broker

Michael Ruane

TA Realty

Buyer

$133.5M

vol

2 deals

Buyer

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