LPC West Acquires 7.2 Acre Industrial Property In Poway, CA For $35.1M
SOLD
$35,100,000
California
See Similar DealsIndustrial135,000 SF
Sold 11/02/2022
SOLD
LPC West Acquires 7.2 Acre Industrial Property In Poway, CA For $35.1M
13100 Danielson Street, Poway, California 92064, United States
See Similar DealsIndustrial135,000 SF
Sold 11/02/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$260
Total Square Footage:135,000 SF
Transaction Type:Sale
The transaction involves the sale of an industrial property located at 13100 Danielson St in Poway, CA. The property spans across 7.2 acres and is represented by Scott Moffatt as LPC West's buyer. The seller is Liberty Diversified International. The deal was facilitated by Rusty Williams, Chris Roth, and Jake Rubendall of Lee & Associates. The sale price for the property amounts to $35,100,000, with a total area of 135,000 square feet. The price per square foot is valued at $260.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,100,000
- Property Size: 135,000 square feet
- Price per Square Foot: $260
- Address: 13100 Danielson St, Poway, CA
- Market: Poway, CA
LPC West's Scott Moffatt, along with New York Life Investors, acted as the buyer in the deal, while Rusty Williams, Chris Roth, and Jake Rubendall from Lee & Associates represented the buyer. The seller, Liberty Diversified International, was represented by the same brokers. The transaction was completed on 11/02/2022.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,872,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,702.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$166,391.91
Annual Debt Service$1,996,702.89
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