Alere Property Group Acquires Industrial Site In Tustin From SENTRE For $11.4M
SOLD
$11,400,000
California
See Similar DealsIndustrial56,190 SF
Sold 06/18/2019
SOLD
Alere Property Group Acquires Industrial Site In Tustin From SENTRE For $11.4M
15201 Woodlawn Ave, Tustin, CA, 92780
See Similar DealsIndustrial56,190 SF
Sold 06/18/2019
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$202
Total Square Footage:56,190 SF
Transaction Type:Sale
The industrial property located at 15201 Woodlawn Ave in Tustin, CA, 92780, with a total square footage of 56,190 was sold for $11,400,000.00. The asset is situated in the Tustin market, near John Wayne airport, and within close proximity to major highways and downtown areas.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,400,000.00
- Market: Tustin
- Seller: SENTRE
- Buyer: Alere Property Group
- Seller's Representative: Scott Read (Newmark)
- Square Footage: 56,190
- Asset Address: 15201 Woodlawn Ave, Tustin, CA, 92780
Newmark Knight Frank’s Executive Managing Director Scott Read acted as the seller's representative in the transaction, facilitating the sale of the industrial property to Alere Property Group. The buyer, Alere Property Group, acquired the asset for $11.4 million, expanding its portfolio in the Tustin market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$607,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,501.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,041.82
Annual Debt Service$648,501.79
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