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27731 Diaz Rd, Temecula, CA...

Westcore Acquires Industrial Asset In Temecula For $10.8M
SOLDIndustrial

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

Barret Woods

Lee & Associates

Broker

$49.1M

vol

4 deals

Broker
Westcore
WestcoreBuyer

Temecula Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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