Westcore Acquires Industrial Asset In Temecula For $10.8M
27731 Diaz Rd, Temecula, CA 92590, USA
$10,800,000
$164/SF
Building Size
65,625 SF
Asset Type
Industrial
Closing
Apr 27, 2020
AI
The industrial property located at 27731 Diaz Road in Temecula has been sold in a closed transaction. The property spans 65,625 square feet and has been purchased by Westcore for a price of $10,800,000, resulting in a price per square foot of $164. The property is situated in the Temecula market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,800,000
- Address: 27731 Diaz Road
- Market: Temecula
- Buyer: Westcore
- Buyer's Rep: Brad Yates & Stefan Pastor - Colliers International
- Seller's Rep: Barret Woods - Lee & Associates
- Square Footage: 65,625
- Price per Square Foot: $164
Brad Yates & Stefan Pastor from Colliers International represented Westcore as the buyer's representatives in this deal. The seller's representative was Barret Woods from Lee & Associates.
Players
Temecula 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93