Updated Dec 4, 2024
Eric Ruehle And Adam Deierling Of West Harbor Capital Acquire City Of Industry Industrial Property For $16.5M
14313 Bonelli Street & 14351 Bonelli Street
$16,500,000
$118/SF
Building Size
69,498 SF
Asset Type
Industrial
Closing
Dec 29, 2023
About this deal
AI
The industrial property located at 14313-14351 East Bonelli Street in the City of Industry has been sold for a total price of $16,500,000. The property spans across 69,498 square feet, resulting in a price per square foot of $237. The buyer of the property is Eric Ruehle and Adam Deierling, representing West Harbor Capital. The seller is Earl M Hill Family Ltd Partnership, with Earl M Hill as the representative. The deal was facilitated by the buyer's representatives, Steffan Morris, Eric Parkhurst, and Bobby Martinez from Lee & Associates.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,500,000
The acquisition was led by Eric Ruehle and Adam Deierling of West Harbor Capital. The sale was finalized with Earl M Hill Family Ltd Partnership, represented by Earl M Hill. Assisting in the transaction were Steffan Morris, Eric Parkhurst, and Bobby Martinez, who provided their expert advice and negotiation skills on behalf of the buyers.
On the Map
$16,500,000
$118/SF
Industrial
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Players
City of Industry 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93