Nublock Partners Brokers Facilitate $94M Sale Of 11-Acre Industrial Site On S. Wanamaker Ave
SOLD
California
See Similar DealsIndustrial239,000 SF
Sold 06/09/2022
SOLD
Nublock Partners Brokers Facilitate $94M Sale Of 11-Acre Industrial Site On S. Wanamaker Ave
600 Wanamaker Avenue
See Similar DealsIndustrial239,000 SF
Sold 06/09/2022
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,013,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$333,962.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$445,607.96
Annual Debt Service$5,347,295.48
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