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

Property Image
SOLD
$94,000,000

California

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Industrial239,000 SF
Sold 06/09/2022
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Property Image
SOLD

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

600 Wanamaker Avenue

See Similar Deals
Industrial239,000 SF
Sold 06/09/2022
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$393
Total Square Footage:239,000 SF
Transaction Type:Sale

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
19 deals$431.1M volume
BROKER

John Lupfer
Nublock Partners
3 deals$113.7M volume(213) 577-1020
BROKER

Details

SOLD
IMAGE: John Lupfer & Roy Harel DATE: 06/09/2022 ADDRESS: 600-620 S. Wanamaker Ave MARKET: Inland Empire West ASSET TYPE: Industrial - ACRES: 11 BROKERS: Roy Harel (@RoyHarel310) & John Lupfer (@JohnLupfer) - Nublock Partners (@Nublock_Partners) SALE PRICE: $94,000,000 SF: 239,000 ~ PPSF: $393

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$333,962.16
Cash-on-Cash Return-1.27%
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