Updated Oct 28, 2024
Westcore Acquires Industrial Property In Temecula For $16M
28381 Vincent Moraga Drive, Temecula, CA, USA
$16,000,000
$146/SF
Building Size
108,927 SF
Asset Type
Industrial
Closing
May 3, 2021
About this deal
AI
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.
Players
Temecula 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93