Westcore Acquires Industrial Property In Temecula For $16M
SOLD
$16,000,000
California
See Similar DealsIndustrial108,927 SF
Sold 05/04/2021
SOLD
Westcore Acquires Industrial Property In Temecula For $16M
28381 Vincent Moraga Drive, Temecula, CA, USA
See Similar DealsIndustrial108,927 SF
Sold 05/04/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$146
Total Square Footage:108,927 SF
Transaction Type:Sale
Located in Temecula, the industrial property at 28381 Vincent Moraga Drive has recently been sold. The transaction took place on May 4, 2021.
Summary of Transaction Details
- Property Type: Industrial
- Sale Price: $16,000,000
- Square Footage: 108,927
- Price Per Square Foot: $147
- Market: Temecula
- Buyer: Marc Brutten, Donald H. Ankeny, & Matthew Bateman - Westcore
- Broker: Newmark
Marc Brutten, Donald H. Ankeny, and Matthew Bateman, representing Westcore, served as the buyers in this transaction. The property was listed under the guidance of Newmark. The industrial asset presents a valuable investment opportunity in the Temecula market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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