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40610 County Center Drive

SENTRE Acquires Temecula Industrial Property For $28.25M With Lender MidFirst Bank
SOLDIndustrial

SENTRE Acquires Temecula Industrial Property For $28.25M With Lender MidFirst Bank

40610 County Center Drive

$28,250,000

$190/SF

Building Size

148,500 SF

Asset Type

Industrial

Closing

Jan 16, 2024

AI

SAN DIEGO-BASED real estate investment firm SENTRE has acquired a 148,500-square-foot industrial property in Temecula for $28.25 million. The property, located at 40610 County Center Drive, sits on over 10 acres and features a single industrial building. It is strategically positioned near Interstate 15, State Route 79, and the Promenade Temecula shopping center.

SUMMARY OF TRANSACTION DETAILS

  • Property Type: Industrial
  • Transaction Amount: $28,250,000
  • Market: Temecula
  • Address: 40610 County Center Drive
  • Size: 148,500 square feet

The buyer in this transaction is Doug Arthur, representing SENTRE. The seller is Thomas Quinlan III, representing R R Donnelley & Sons. The deal was financed with $13.7 million from MidFirst Bank.

Players

Doug Arthur

SENTRE

Buyer

$93.2M

vol

3 deals

Buyer
MidFirst Bank
MidFirst BankLender

Temecula Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93