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Cohen Asset Management Acquires Industrial Property In Pico Rivera For $56.5M

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SOLD
$56,500,000

California

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Industrial202,629 SF
Sold 08/09/2020
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Property Image
SOLD

Cohen Asset Management Acquires Industrial Property In Pico Rivera For $56.5M

7255 Rosemead Blvd, Pico Rivera, CA, USA

See Similar Deals
Industrial202,629 SF
Sold 08/09/2020
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$278
Total Square Footage:202,629 SF
Transaction Type:Sale

7255 Rosemead Blvd, an industrial property located in Pico Rivera, was recently sold. The transaction took place on 08/09/2021, with a sale price of $56,500,000. The property spans a total of 202,629 square feet, resulting in a price per square foot of $279. This sale was facilitated by Cohen Asset Management as the buyer and Studio Designs as the seller.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $56,500,000
  • Address: 7255 Rosemead Blvd.
  • Market: Pico Rivera

Maxx Cohen, representing Cohen Asset Management, played a pivotal role in this transaction. They successfully negotiated on behalf of the buyer. Studio Designs, the seller in this deal, also contributed to the smooth completion of the sale.

Players

MC
2 deals$71.8M volume
BUYER

Details

SOLD
IMAGE: Maxx Cohen DATE: 08/09/2021 ADDRESS: 7255 Rosemead Blvd. MARKET: Pico Rivera ASSET TYPE: Industrial BUYER: Cohen Asset Management - Maxx Cohen SELLER: Studio Designs SALE PRICE: $56,500,000 SF: 202,629 ~ PPSF: $279

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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