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Brookfield Asset Management Acquires Industrial Asset In Santa Fe Springs For $45.5M

Property Image
SOLD
$45,500,000
Luke McDaniel
Cameron Driscoll

California

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Industrial240,000 SF
Sold 01/16/2019
the dealplayerscompscontact
Property Image
SOLD

Brookfield Asset Management Acquires Industrial Asset In Santa Fe Springs For $45.5M

9720 Norwalk Boulevard, Santa Fe Springs, CA 90670, USA

See Similar Deals
Industrial240,000 SF
Sold 01/16/2019
Luke McDaniel
Cameron Driscoll
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$189
Total Square Footage:240,000 SF
Transaction Type:Sale

The industrial property located at 9720 Norwalk Boulevard in Santa Fe Springs has been sold. The property spans a total area of 240,000 square feet and was sold for a price of $45,500,000, resulting in a price per square foot of $190. The transaction took place on January 16, 2019.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $45,500,000
  • Address: 9720 Norwalk Boulevard, Santa Fe Springs
  • Market: Santa Fe Springs
  • Size: 240,000 square feet
  • Price per Square Foot: $190

The buyer of the property is Brookfield Asset Management, while the seller is Sperry Equities. Representing the buyer and seller in the deal were Luke McDaniel and Cameron Driscoll from JLL.

Players

Luke McDaniel
JLL
Luke McDaniel
3 deals$78.1M volume
BROKER
Cameron Driscoll
JLL
Cameron Driscoll
3 deals$70.8M volume
BROKER
Brookfield Properties
Brookfield Properties
BROKERAGE
SE
Sperry Equities
SELLER

Details

SOLD
IMAGE: Luke McDaniel, Rand Sperry, Bruce Flatt and Cameron Driscoll DATE: 01/16/2019 ADDRESS: 9720 Norwalk Boulevard MARKET: Santa Fe Springs ASSET TYPE: Industrial PRICE: $45,500,000 SF: 240,000 PPSF: $190 BUYER: Brookfield Asset Management SELLER: Sperry Equities BROKERS: Luke McDaniel and Cameron Driscoll @JLL

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Debt Service Coverage Ratio (DSCR)

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