Rexford Industrial Acquires Industrial Property In Chino For $27.5M
SOLD
$27,500,000
California
See Similar DealsIndustrial288,862 SF
Sold 04/07/2023
SOLD
Rexford Industrial Acquires Industrial Property In Chino For $27.5M
13925 Benson Avenue
See Similar DealsIndustrial288,862 SF
Sold 04/07/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$95
Total Square Footage:288,862 SF
Transaction Type:Sale
The industrial property located at 13925 Benson Avenue in Chino has been sold in a closed transaction. The property spans a total area of 288,862 square feet and was sold for $27,500,000, resulting in a price per square foot of $95.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,500,000
Rexford Industrial acquired the property from Ricky Martin. The deal was facilitated by Shy Assar from Voit Real Estate Services, who represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,466,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$97,701.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,364.03
Annual Debt Service$1,564,368.36
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