Westcore Acquires Industrial Asset In Temecula For $10.8M
SOLD
$10,800,000
California
See Similar DealsIndustrial65,625 SF
Sold 04/28/2020
SOLD
Westcore Acquires Industrial Asset In Temecula For $10.8M
27731 Diaz Rd, Temecula, CA 92590, USA
See Similar DealsIndustrial65,625 SF
Sold 04/28/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$164
Total Square Footage:65,625 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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