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

Property Image
SOLD
$15,260,000
Chris Smith
Andrey Mindirgasov
MC

California

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Industrial53,021 SF
Sold 03/31/2023
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Property Image
SOLD

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

14055 Laurelwood Place

See Similar Deals
Industrial53,021 SF
Sold 03/31/2023
Chris Smith
Andrey Mindirgasov
MC
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$287
Total Square Footage:53,021 SF
Transaction Type:Sale

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
Andrey Mindirgasov
10 deals$168.2M volume
BROKER
Chris Smith
Colliers
Chris Smith
6 deals$79.7M volume
BROKER
AU
AA U-Stor-M
BUYER
MC
Cohen Asset Management
Maxx Cohen
2 deals$71.8M volume
SELLER

Details

SOLD
IMAGE: Andrey Mindirgasov, Chris Smith & Maxx Cohen DATE: 03/31/2023 ADDRESS: 14055 Laurelwood Place MARKET: Chino ASSET TYPE: Industrial BUYER: AA U-Stor-M SELLER: Maxx Cohen (@MaxxCohen )- Cohen Asset Management BUYER'S REP: Chris Smith (@ChrisSmith1031) & Andrey Mindirgasov (@Andrey_Mind) - Colliers International SALE PRICE: $15,260,000 SF: 53,021 ~ PPSF: $288

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

$813,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,215.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,340.19
Annual Debt Service$868,082.22