Updated Apr 1, 2026
New York Life Investments Acquires Industrial Property In Rialto For $84.2M
3350 Enterprise Drive
$84,200,000
$306/SF
Building Size
274,494 SF
Asset Type
Industrial
Closing
May 30, 2023
About this deal
AI
A 274,494 square foot industrial property located at 3350 Enterprise Drive in Rialto has been sold for $84,200,000. The property was acquired by New York Life Investments, represented by Daniel Gazzola, while TA Realty, represented by Sean Driscoll, served as the seller. The transaction was facilitated by Jeffrey Cole from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $84,200,000
- Address: 3350 Enterprise Drive
- Market: Rialto
The deal involved two key individuals and companies. Daniel Gazzola represented New York Life Investments in the acquisition of the industrial property. Sean Driscoll acted as the seller, representing TA Realty. Jeffrey Cole played an important role as the broker from Cushman & Wakefield, facilitating the transaction.
Players
Los Angeles 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93