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8566 Pecan Avenue, Rancho C...

Realterm Acquires Industrial Property In Rancho Cucamonga For $95.5M
SOLDIndustrial

Realterm Acquires Industrial Property In Rancho Cucamonga For $95.5M

8566 Pecan Avenue, Rancho Cucamonga, California 91739, United States

$95,500,000

$2,942/SF

Building Size

32,458 SF

Asset Type

Industrial

Closing

May 26, 2022

AI

The industrial property located at 8566 Pecan Avenue in Rancho Cucamonga has been sold. The transaction took place on 05/27/2022. The property, measuring 32,458 square feet, is part of the industrial asset type.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $95,500,000
  • Price per Square Foot: $2,942
  • Address: 8566 Pecan Avenue
  • Market: Rancho Cucamonga

The buyer of the property is Realterm, represented by Blair Duncan and Derek Fish. On the other hand, the seller is Heartland Express, with Mike Gerdin as the representative. The deal was facilitated by Jace Gan and Clyde Stauff from Colliers.

Players

Clyde Stauff

Colliers

Broker

$186.8M

vol

6 deals

Broker
Derek Fish

Derek Fish

Realterm

Buyer

$299M

vol

4 deals

Buyer
R
RealtermBuyer

Rancho Cucamonga 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