Updated May 25, 2025
Luke J. Petherbridge Of Link Logistics Acquires Industrial Asset In City Of Industry For $65.2M
18045 Rowland Street
$65,200,000
$326/SF
Building Size
200,000 SF
Asset Type
Industrial
Closing
May 23, 2025
About this deal
AI
The transaction involved a 200,000 SF industrial building located at 18045 Rowland Street in the City of Industry. The sale price for the property was $65,200,000, translating to a price per square foot of $326.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $65,200,000
- Buyer: Luke J. Petherbridge - Link Logistics
- Seller: MSI Computers Corp.
- Broker: CBRE
- Lender: CTBC Bank
- Loan Amount: $36,000,000
- Investment for Expansion: $33,000,000
MSI Computers Corp. acquired the property from Blackstone’s Link Logistics to expand its U.S. production lines, with plans to invest significantly in the site located near its headquarters.
On the Map
$65,200,000
$326/SF
Industrial
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Players
City of Industry 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93