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
138,996 SF
Asset Type
Industrial
Closing
Dec 29, 2023
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.
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