Focus Real Estate & Long Wharf Capital Acquire City Of Industry Industrial Property For $30.8M
SOLD
$30,800,000
California
See Similar DealsIndustrial95 SF
SOLD
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
See Similar DealsIndustrial95 SF
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$324,210
Total Square Footage:95 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,642,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$109,425.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,007.71
Annual Debt Service$1,752,092.56
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