Intercontinental Real Estate And Kennedy Wilson Acquire 40 Acre Industrial Site In Stockton For $84M
1604 Tillie Lewis Drive, Stockton, California 95206, United States
$84,000,000
$95/SF
Building Size
877,648 SF
Asset Type
Industrial
Closing
Jul 28, 2022
AI
The industrial property located at 1604 Tillie Lewis Dr. in Stockton has been sold for a price of $84,000,000. The property spans across 40.0 acres and offers a total square footage of 877,648. The sale price per square foot stands at $95.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $84,000,000
- Address: 1604 Tillie Lewis Dr., Stockton
- Market: Stockton
- Acres: 40.0
- Square Footage: 877,648
- Price Per Square Foot: $95
The buyer of the property is Intercontinental Real Estate Corp. & Kennedy Wilson. The seller is represented by Barbara Perrier, Darla Longo, and Rebecca Perlmutter from CBRE, as well as Blake Rasmussen and Tyler Vallenari from Cushman & Wakefield.
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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93