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600 Wanamaker Avenue

Nublock Partners Brokers Facilitate $94M Sale Of 11-Acre Industrial Site On S. Wanamaker Ave
SOLDIndustrial

Nublock Partners Brokers Facilitate $94M Sale Of 11-Acre Industrial Site On S. Wanamaker Ave

600 Wanamaker Avenue

$94,000,000

$393/SF

Building Size

239,000 SF

Asset Type

Industrial

Closing

Jun 9, 2022

AI

The industrial property located at 600-620 S. Wanamaker Ave in Inland Empire West was recently sold in a transaction. The property sits on 11 acres of land and spans a total of 239,000 square feet. The sale price for this transaction was $94,000,000, resulting in a price per square foot of $393.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $94,000,000
  • Address: 600-620 S. Wanamaker Ave
  • Market: Inland Empire West
  • Size: 239,000 square feet
  • Price per Square Foot: $393

The deal was facilitated by Roy Harel and John Lupfer of Nublock Partners, who served as the brokers for the transaction. They represented the parties involved in this closed property deal.

Players

Roy Harel

Nublock Partners

Broker

$431.1M

vol

19 deals

Broker

Ontario 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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93