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Nuveen Real Estate Acquires Industrial Property In La Mirada For $151.2M

Property Image
SOLD
$151,200,000
Brad Brandenburg
Rick Ellison
+ 3

California

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Industrial337,125 SF
Sold 10/18/2022
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Property Image
SOLD

Nuveen Real Estate Acquires Industrial Property In La Mirada For $151.2M

14001 Rosecrans Avenue, La Mirada, California 90638, United States

See Similar Deals
Industrial337,125 SF
Sold 10/18/2022
Brad Brandenburg
Rick Ellison
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$448
Total Square Footage:337,125 SF
Transaction Type:Sale

The industrial property located at 14001-14007 & 14041-14051 Rosecrans Ave in La Mirada, CA has been sold. The property spans across 14.4 acres and falls under the industrial asset type category. The sale took place on October 18, 2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $151,200,000
  • Square Footage: 337,125
  • Price per Square Foot: $448
  • Address: 14001-14007 & 14041-14051 Rosecrans Ave, La Mirada, CA
  • Market: La Mirada, CA

The buyer for this transaction was Nuveen Real Estate, while the seller was Clarion Partners. Cushman & Wakefield served as the brokerage team, with Jeff Chiate, Jeff Cole, Rick Ellison, Mike Adey, Brad Brandenburg, and Matt Leupold representing the parties involved.

Players

Mike Adey
18 deals$1.3B volume
BROKER

Jeff Chiate
Cushman & Wakefield
38 deals$2.7B volume
BROKER

Rick Ellison
Cushman & Wakefield
24 deals$1.4B volume
BROKER

Brad Brandenburg
Cushman & Wakefield
11 deals$934.6M volume
BROKER

Matt Leupold
Cushman & Wakefield
14 deals$1.1B volume
BROKER

Jeffrey (Jeff) Cole
Cushman & Wakefield
22 deals$1.9B volume
BROKER

Nuveen
BUYER



Nuveen
LENDER

Details

SOLD
IMAGE: Brad Brandenburg, Rick Ellison, Mike Adey, Jeff Chiate, Matt Leupold & Jeff Cole DATE: 10/18/2022 ADDRESS: 14001-14007 & 14041-14051 Rosecrans Ave MARKET: La Mirada, CA ASSET TYPE: Industrial ~ ACRES: 14.4 BUYER: Nuveen Real Estate (@Nuveeninv) SELLER: Clarion Partners BROKERS: Jeff Chiate, Jeff Cole (@JeffCole49), Rick Ellison, Mike Adey, Brad Brandenburg (@Instaburg38) & Matt Leupold - Cushman & Wakefield (@CushWake) SALE PRICE: $151,200,000 SF: 337,125 ~ PPSF: $448

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

$8,064,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$537,181.66
Cash-on-Cash Return-1.27%
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