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458 East Lambert Road, Full...

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

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.

Players

Alan Yang

GLP Capital Partners

Buyer

$801.2M

vol

9 deals

Buyer

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