GLP Capital Partners Acquires Industrial Property In Fullerton, CA For $156M
458 East Lambert Road, Fullerton, California 92835, United States
$156,000,000
$384/SF
Building Size
406,261 SF
Asset Type
Industrial
Closing
Oct 9, 2022
AI
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.
Fullerton 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93