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
Montebello 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93