Westcore Acquires Industrial Property In Stockton From Klein Brothers Holdings For $20.1M
1515 Navy Drive, Stockton, CA, USA
$20,100,000
$57/SF
Building Size
350,000 SF
Asset Type
Industrial
Closing
Dec 17, 2020
AI
Westcore has acquired an industrial property located at 1515 Navy Drive in Stockton. The transaction, which took place on December 18, 2020, involved the sale of the property by Klein Brothers Holdings. The property spans 350,000 square feet and was sold at a price of $20,100,000, resulting in a price per square foot of $57.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,100,000
- Address: 1515 Navy Drive
- Market: Stockton
Jay Hennick of Colliers International represented Westcore in this transaction.
Players
Stockton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93