Realty Income Corp Acquires Woodland Industrial Property From Walgreens For $26.9M
531 Quality Cir Woodland, CA 95776, USA
$26,900,000
$108/SF
Building Size
247,572 SF
Asset Type
Industrial
Closing
Jun 20, 2023
AI
A Woodland industrial property located at 531 Quality Circle has been purchased by Realty Income Corp. in a sale-leaseback deal. The property features a 247,572-square-foot industrial building. The seller, Walgreens, will continue to be the tenant under a 15-year lease agreement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,900,000
- Address: 531 Quality Circle
- Market: Woodland
Realty Income Corp, represented by Sumit Roy, acquired the Woodland industrial property from Walgreens. The deal involved a 15-year lease agreement, with Walgreens continuing to occupy the property as the tenant.
Players
Los Angeles 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93