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Eric Ruehle And Adam Deierling Of West Harbor Capital Acquire City Of Industry Industrial Property For $16.5M

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SOLD
$16,500,000

California

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Industrial138,996 SF
Sold 12/29/2023
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Property Image
SOLD

Eric Ruehle And Adam Deierling Of West Harbor Capital Acquire City Of Industry Industrial Property For $16.5M

14313 Bonelli Street & 14351 Bonelli Street

See Similar Deals
Industrial138,996 SF
Sold 12/29/2023
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$118
Total Square Footage:138,996 SF
Transaction Type:Sale

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.

Players

Steffan Morris
7 deals$132.8M volume
BROKER

Eric Parkhurst
Lee & Associates
1 deal$16.5M volume(949) 790-3183
BROKER

Bobby Martinez
Lee & Associates
3 deals$41.7M volume(949) 790-3104
BROKER

BUYER

Details

SOLD
IMAGE: Eric Ruehle, Adam Deierling, Steffan Morris, Eric Parkhurst & Bobby Martinez DATE: 12/29/2023 ADDRESS: 14313-14351 East Bonelli Street MARKET: City of Industry ASSET TYPE: Industrial BUYER: Eric Ruehle & Adam Deierling - West Harbor Capital SELLER: Earl M Hill Family Ltd Ptnshp - Earl M Hill BUYER'S REP: Steffan Morris, Eric Parkhurst (@EricParkhurst_) & Bobby Martinez - Lee & Associates (@LeeAssociatesIrvine) SALE PRICE: $16,500,000 SF: 69,498 ~ PPSF: $237

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

$880,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01