IDS Real Estate Acquires Azusa Industrial Center In California For $125M
823 W 8th St Azusa, Ca 91702, Usa
$125,000,000
$289/SF
Building Size
432,500 SF
Asset Type
Industrial
Closing
Jul 1, 2023
AI
IDS Real Estate has purchased the Azusa Industrial Center in California for over $125 million, making it one of the highest-priced industrial property sales in Los Angeles County. The property spans around 432,500 square feet and is located at 823-985 West Eighth Street in Azusa. The sale price equates to approximately $289 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $125,000,000
- Square Footage: 432,500
- Address: 823-985 West Eighth Street, Azusa
- Market: Azusa
David G. Mgrublian, representing IDS Real Estate, served as the buyer's representative in this transaction.
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93