Focus Real Estate & Long Wharf Capital Acquire City Of Industry Industrial Property For $30.8M
1180 Wright Way, City of Industry, California 91748, United States
$30,800,000
$324,210/SF
Building Size
95 SF
Asset Type
Industrial
Closing
Apr 17, 2023
AI
Four industrial properties located in the City of Industry, CA have recently been sold for a total price of $30,800,000. The properties, with a combined total square footage of 95,745, are situated at 1973-19501 E. Walnut Drive S., 1180 Wright Way, 1170 Wright Way, and 19449 E. Walnut Drive South. The sale price per square foot was $322. The transaction took place on November 29, 2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $30,800,000
- Address: 1973-19501 E. Walnut Drive S., 1180 Wright Way, 1170 Wright Way, and 19449 E. Walnut Drive South
- Market: City of Industry, CA
- Square Footage: 95,745
- Buyer: Focus Real Estate & Long Wharf Capital
- Seller: Nobbs Family Foundation
- Brokers: Anthony Bergeman, Krishna Shegran, Michael Chase, Charles Johnson, and Joseph Harmon - DAUM Commercial
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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93