AA U-Stor-M Acquires Industrial Property In Chino For $15.3M
14055 Laurelwood Place
$15,260,000
$287/SF
Building Size
53,021 SF
Asset Type
Industrial
Closing
Mar 31, 2023
AI
A 53,021 square foot industrial property located at 14055 Laurelwood Place in Chino has been sold for a price of $15,260,000. The property was acquired by AA U-Stor-M from Maxx Cohen - Cohen Asset Management. The transaction was facilitated by Chris Smith and Andrey Mindirgasov from Colliers International acting as the buyer's representatives.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $15,260,000
- Square Footage: 53,021
- Price per Square Foot: $288
- Address: 14055 Laurelwood Place, Chino
- Market: Chino
The sale of the industrial property at 14055 Laurelwood Place was completed with AA U-Stor-M as the buyer, represented by Chris Smith and Andrey Mindirgasov from Colliers International. The seller was Maxx Cohen, acting on behalf of Cohen Asset Management.
Players
Market 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93