TH Real Estate And Greenlaw Partners Acquire Industrial Property In Whittier For $21.3M
12910 Mulberry Drive, Whittier, CA 90602, USA
$21,300,000
$139/SF
Building Size
153,080 SF
Asset Type
Industrial
Closing
Dec 17, 2018
AI
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
Whittier 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93