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Black Creek Group Acquires Industrial Property In Rancho Cucamonga For $24.5M

Property Image
SOLD
$24,500,000
Jace Gan
Clyde Stauff

California

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Industrial102,516 SF
Sold 07/27/2020
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Property Image
SOLD

Black Creek Group Acquires Industrial Property In Rancho Cucamonga For $24.5M

9180 Center Ave, Rancho Cucamonga, CA, USA

See Similar Deals
Industrial102,516 SF
Sold 07/27/2020
Jace Gan
Clyde Stauff
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$239
Total Square Footage:102,516 SF
Transaction Type:Sale

The industrial property located at 9180 Center Ave. in Rancho Cucamonga has been sold in a transaction facilitated by Clyde Stauff and Jace Gan of Colliers. The asset spans a total area of 102,516 square feet and was purchased by Black Creek Group from Competition Specialties for a sale price of $24,500,000. This translates to a price per square foot of $238.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $24,500,000
  • Address: 9180 Center Ave.
  • Market: Rancho Cucamonga
  • Square Footage: 102,516
  • Buyer: Black Creek Group
  • Seller: Competition Specialties
  • Brokers: Clyde Stauff & Jace Gan - Colliers

In this transaction, Clyde Stauff and Jace Gan of Colliers represented the buyer, Black Creek Group. The involvement of these brokers highlights their role in negotiating and finalizing the deal. The transaction was recorded on July 27, 2021, making this a recent closed sale in the industrial market of Rancho Cucamonga.

Players

Clyde Stauff
Colliers
Clyde Stauff
6 deals$186.8M volume
BROKER
Jace Gan
Colliers
Jace Gan
6 deals$186.8M volume
BROKER
Black Creek Group
Black Creek Group
BUYER

Details

SOLD
IMAGE: Clyde Stauff & Jace Gan DATE: 07/27/2021 ADDRESS: 9180 Center Ave. MARKET: Rancho Cucamonga ASSET TYPE: Industrial BUYER: Black Creek Group SELLER: Competition Specialties BROKERS: Clyde Stauff & Jace Gan - Colliers SALE PRICE: $24,500,000 SF: 102,516 ~ PPSF: $238

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

$1,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99