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
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