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TH Real Estate And Greenlaw Partners Acquire Industrial Property In Whittier For $21.3M

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SOLD
$21,300,000

California

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Industrial153,080 SF
Sold 12/18/2018
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Property Image
SOLD

TH Real Estate And Greenlaw Partners Acquire Industrial Property In Whittier For $21.3M

12910 Mulberry Drive, Whittier, CA 90602, USA

See Similar Deals
Industrial153,080 SF
Sold 12/18/2018
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$139
Total Square Footage:153,080 SF
Transaction Type:Sale

A industrial property located at 12910 Mulberry Dr. in Whittier has been sold. The property, measuring 153,080 square feet, was recently acquired for a price of $21,300,000, at a rate of $139 per square foot. The transaction took place on December 18, 2018.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $21,300,000
  • Square Footage: 153,080
  • Price per Square Foot: $139
  • Market: Whittier

The buyer of this industrial property was TH Real Estate and Greenlaw Partners. The seller in this transaction was Indio Products. The deal was facilitated by brokers Luke McDaniel and Zac Sakowski from JLL, as well as Tony Naples from Lee & Associates.

Players

Luke McDaniel
3 deals$78.1M volume
BROKER

Zac Sakowski
JLL
1 deal$21.3M volume
BROKER

Tony Naples
Lee & Associates
11 deals$183.2M volume
BROKER

Greenlaw Partners
BUYER

Details

SOLD
IMAGE: Luke McDaniel, Zac Sakowski and Tony Naples DATE: 12/18/2018 ADDRESS: 12910 Mulberry Dr. MARKET: Whittier ASSET TYPE: Industrial PRICE: $21,300,000 SF: 153,080 PPSF: $139 BUYER: TH Real Estate and Greenlaw Partners SELLER: Indio Products BROKERS: JLL - Luke McDaniel and Zac Sakowski; Lee & Associates -Tony Naples

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,135,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$75,674.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,972.87
Annual Debt Service$1,211,674.40