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Realterm Acquires Industrial Property In Rancho Cucamonga For $95.5M

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SOLD
$95,500,000

California

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Industrial32,458 SF
Sold 05/27/2022
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Property Image
SOLD

Realterm Acquires Industrial Property In Rancho Cucamonga For $95.5M

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

See Similar Deals
Industrial32,458 SF
Sold 05/27/2022
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$2,942
Total Square Footage:32,458 SF
Transaction Type:Sale

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
6 deals$186.8M volume
BROKER

Jace Gan
Colliers
6 deals$186.8M volume
BROKER

Derek Fish
4 deals$299M volume
BUYER

BUYER

Details

SOLD
IMAGE: Mike Gerdin DATE: 05/27/2022 ADDRESS: 8566 Pecan Avenue MARKET: Rancho Cucamonga ASSET TYPE: Industrial BUYER: Realterm - Blair Duncan & Derek Fish SELLER: Heartland Express - Mike Gerdin BROKERS: Jace Gan & Clyde Stauff - Colliers (@Colliersinternational) SALE PRICE: $95,500,000 SF: 32,458 ~ PPSF: $2,942

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

$5,093,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$339,291.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$452,718.72
Annual Debt Service$5,432,624.66