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17477 Nisqualli Rd Victorvi...

Updated Oct 29, 2024

CIRE Equity Acquires Goodyear Tire Distribution Facility In Victorville For $67.5M
SOLDIndustrial

CIRE Equity Acquires Goodyear Tire Distribution Facility In Victorville For $67.5M

17477 Nisqualli Rd Victorville, CA 92395, USA

$67,500,000

$81/SF

Building Size

829,000 SF

Asset Type

Industrial

Closing

Jul 5, 2023

About this deal

AI

Goodyear Tire has completed a sale-leaseback of an 829,000-square-foot distribution facility in the Inland Empire, Southern California. CIRE Equity acquired the property for $67.5 million. The facility is located at 17477 Nisqualli Road in Victorville and sits on 40 acres of land. The transaction took place on July 5, 2023, in the Victorville market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $67,500,000
  • Address: 17477 Nisqualli Road
  • Market: Victorville
  • Asset Size: 829,000 square feet
  • Acres: 40

In this deal, CIRE Equity represented the buyer, while Goodyear Tire was the seller. Umpqua Bank served as the lender for the transaction. The price per square foot for the property was $81. The region of Inland Empire in Southern California has a highly active industrial real estate market, with high transaction volumes and significant rent gains.

Players

CE
CIRE EquityBuyer

Los Angeles Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $81 per square foot on a published $67.5M for 829,000 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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