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1719 Chapin Road, Montebell...

Link Logistics Acquires Industrial Property In Montebello, CA For $29.3M
SOLDIndustrial

Link Logistics Acquires Industrial Property In Montebello, CA For $29.3M

1719 Chapin Road, Montebello, California 90640, United States

$29,300,000

$356/SF

Building Size

82,200 SF

Asset Type

Industrial

Closing

Oct 2, 2022

AI

Link Logistics has acquired an industrial property located at 1719 Chapin Road in Montebello, CA. The property spans 3.1 acres and is part of the Montebello market. The transaction closed on 10/03/2022 and was facilitated by Mark Vanis, Jon Reno, Trevor Gale, and Sage Segal of JLL. The property offers a total of 82,200 square feet, resulting in a price per square foot of $356. The sale price for the property was $29,300,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $29,300,000
  • Address: 1719 Chapin Road, Montebello, CA
  • Market: Montebello
  • Acres: 3.1
  • Square Footage: 82,200
  • Price per Square Foot: $356

The acquisition of the property by Link Logistics was facilitated by the brokerage team of Mark Vanis, Jon Reno, Trevor Gale, and Sage Segal from JLL. They represented Link Logistics in this transaction.

Players

Jon Reno

JLL

Broker

$164.1M

vol

6 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateBrokerage
Link Logistics Real Estate
Link Logistics Real EstateBuyer

Montebello 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

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93