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14055 Laurelwood Place

AA U-Stor-M Acquires Industrial Property In Chino For $15.3M
SOLDIndustrial

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

Andrey Mindirgasov

Colliers

Broker

$168.2M

vol

10 deals

Broker
AU
AA U-Stor-MBuyer

Maxx Cohen

Cohen Asset Management

Seller

$71.8M

vol

2 deals

Seller

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