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2801 West Street, Woodland,...

Westcore Acquires Woodland And Lancaster Industrial Properties For $108M With Sellers Conor Flynn And Kimco Realty Corp
SOLDIndustrial

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

Darla Longo

CBRE

Broker

$1.3B

vol

22 deals

Broker
Marc Brutten

Marc Brutten

Westcore

Buyer

$857.2M

vol

15 deals

Buyer
Westcore
WestcoreBuyer
Conor Flynn

Conor Flynn

Kimco Realty

Seller

$741.1M

vol

10 deals

Seller

Woodland 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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93