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14313 Bonelli Street

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

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

Steffan Morris

Lee & Associates

Broker

$132.8M

vol

7 deals

Broker
WC
West Harbor CapitalBuyer

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