facebook
Traded Co logo
Submit

CenterPoint Properties Acquires Industrial Asset In Jurupa Valley From York Arizona Office Associates Worth $101M

Property Image
SOLD
$101,000,000

California

See Similar Deals
Industrial210,600 SF
Sold 06/21/2022
the dealplayerscompscontact
Property Image
SOLD

CenterPoint Properties Acquires Industrial Asset In Jurupa Valley From York Arizona Office Associates Worth $101M

10855 East Philadelphia Street, Jurupa Valley, California 91752, United States

See Similar Deals
Industrial210,600 SF
Sold 06/21/2022
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$479
Total Square Footage:210,600 SF
Transaction Type:Sale

The industrial property located at 10855 Philadelphia Avenue in Jurupa Valley has been sold. The transaction took place on June 21, 2022. The property, owned by York Arizona Office Associates, was purchased by CenterPoint Properties, represented by Bob Chapman's agency. The sale price for the property was $101,000,000. The total square footage of the property is 210,600, resulting in a price per square foot of $479.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $101,000,000
  • Date: June 21, 2022
  • Address: 10855 Philadelphia Avenue
  • Market: Jurupa Valley
  • Buyer: CenterPoint Properties - Bob Chapman
  • Seller: York Arizona Office Associates
  • Size: 210,600 square feet
  • Price per Square Foot: $479

Bob Chapman, representing CenterPoint Properties, played a vital role in the purchase of this industrial property in Jurupa Valley. The transaction involved negotiations between CenterPoint Properties, as the buyer, and York Arizona Office Associates, as the seller. Chapman's expertise in industrial real estate likely contributed to the successful completion of the deal.

Players

BC
13 deals$968.1M volume
BUYER

Details

SOLD
IMAGE: Bob Chapman DATE: 06/21/2022 ADDRESS: 10855 Philadelphia Avenue MARKET: Jurupa Valley ASSET TYPE: Industrial BUYER: CenterPoint Properties - Bob Chapman SELLER: York Arizona Office Associates SALE PRICE: $101,000,000 SF: 210,600 ~ PPSF: $479

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,386,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$358,831.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$478,791.53
Annual Debt Service$5,745,498.33