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GLP Capital Partners Acquires Industrial Property In Fullerton, CA For $156M

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SOLD
$156,000,000

California

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Industrial406,261 SF
Sold 10/10/2022
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SOLD

GLP Capital Partners Acquires Industrial Property In Fullerton, CA For $156M

458 East Lambert Road, Fullerton, California 92835, United States

See Similar Deals
Industrial406,261 SF
Sold 10/10/2022
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$384
Total Square Footage:406,261 SF
Transaction Type:Sale

Located at 458-486 E. Lambert Road in Fullerton, CA, this industrial property is situated on a spacious 18.6-acre lot. The transaction was completed on 10/10/2022, with Swiss Re Group as the seller and GLP Capital Partners - Alan Yang as the buyer's representative. Alan Yang's expertise played a crucial role in the negotiation process.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $156,000,000
  • Square Feet: 406,261
  • Price per Square Foot: $384
  • Market: Fullerton, CA

The sale price for this industrial property was set at $156,000,000, with a total area of 406,261 square feet. At a price per square foot of $384, it attracted the attention of GLP Capital Partners - Alan Yang, who acted as the buyer's representative. The involvement of Swiss Re Group as the seller further adds to the significance of this transaction.

Players

AY
9 deals$801.2M volume
BUYER

Details

SOLD
IMAGE: Alan Yang DATE: 10/10/2022 ADDRESS: 458-486 E. Lambert Road MARKET: Fullerton, CA ASSET TYPE: Industrial ~ ACRES: 18.6 BUYER: GLP Capital Partners - Alan Yang SELLER: Swiss Re Group (@Swiss_RE_Group) SALE PRICE: $156,000,000 SF: 406,261 ~ PPSF: $384

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,320,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$554,235.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$739,519.59
Annual Debt Service$8,874,235.05