IDS Real Estate Group Acquires Industrial Property In Walnut For $108.6M With Vogel Properties As Seller And JLL As The Broker
SOLD
California
See Similar DealsIndustrial330,946 SF
Sold 01/06/2022
SOLD
IDS Real Estate Group Acquires Industrial Property In Walnut For $108.6M With Vogel Properties As Seller And JLL As The Broker
376 South Lemon Avenue, Walnut, CA 91789
See Similar DealsIndustrial330,946 SF
Sold 01/06/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$328
Total Square Footage:330,946 SF
Transaction Type:Sale
376 S. Lemon Ave in Walnut has been sold in an industrial property transaction. The property, measuring 330,946 square feet, was sold by Vogel Properties. The buying party, IDS Real Estate Group represented by Murad Siam and David G. Mgrublian, acquired the property for a total sale price of $108,600,000. The transaction was facilitated by JLL.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $108,600,000
- Address: 376 S. Lemon Ave, Walnut
- Market: Walnut
- Buyer: IDS Real Estate Group - Murad Siam & David G. Mgrublian
- Seller: Vogel Properties
- Broker: JLL
Murad Siam and David G. Mgrublian represented IDS Real Estate Group in this transaction. They played a key role in ensuring the successful completion of this industrial property sale in Walnut.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,791,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$385,832.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$514,819.41
Annual Debt Service$6,177,832.86
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