BentallGreenOak Acquires 230K SF Industrial Asset In City Of Industry For $61M
300 North Baldwin Park Boulevard, City of Industry, CA 91746, USA
$61,000,000
$264/SF
Building Size
230,250 SF
Asset Type
Industrial
Closing
Jan 28, 2020
AI
The industrial property located at 300 N. Baldwin Park Blvd in the City of Industry has been sold for a price of $61,000,000. Spanning across an area of 230,250 square feet, the property was acquired by BentallGreenOak, with Gary Whitelaw representing the buyer. The seller, The Jacmar Companies, was represented by John J. Tilley. This transaction was facilitated by Cameron Merrill from CBRE.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $61,000,000
- Square Footage: 230,250
- Buyer: BentallGreenOak - Gary Whitelaw
- Seller: The Jacmar Companies - John J. Tilley
- Broker: Cameron Merrill - CBRE
The deal involved key individuals and companies such as Gary Whitelaw from BentallGreenOak, John J. Tilley from The Jacmar Companies, and Cameron Merrill from CBRE, who played a crucial role in representing their respective parties in the transaction.
Players
El Monte 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93