Westcore Acquires Woodland And Lancaster Industrial Properties For $108M With Sellers Conor Flynn And Kimco Realty Corp
2801 West Street, Woodland, CA, USA
$108,000,000
$77/SF
Building Size
1,400,000 SF
Asset Type
Industrial
Closing
Jun 14, 2021
AI
An industrial property in Woodland and Lancaster has been sold for a price of $108,000,000. The property spans 1,400,000 square feet, resulting in a price per square foot of $77. The property is located at 2801 West Ave and 1744 East Beamer St.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $108,000,000
- Market: Woodland, Lancaster
- Address: 2801 West Ave, 1744 East Beamer St
- Buyer: Westcore - Marc Brutten, Donald H. Ankeny & Drew Alexander
- Seller: Kimco Realty Corp. - Conor Flynn
- Brokers: Darla Longo, Barbara Emmons & Rebecca Perlmutter - CBRE
The buyer of the property is Westcore, represented by Marc Brutten, Donald H. Ankeny, and Drew Alexander. The seller is Kimco Realty Corp., represented by Conor Flynn. The sale of the property was facilitated by brokers Darla Longo, Barbara Emmons, and Rebecca Perlmutter from CBRE.
Players
Woodland 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93