Updated Oct 28, 2024
CenterPoint Properties Acquires Industrial Property In Pico Rivera For $63M
Pico Rivera, CA, USA
$63,000,000
$363/SF
Building Size
173,134 SF
Asset Type
Industrial
Closing
Sep 24, 2021
About this deal
AI
CenterPoint Properties has acquired an industrial property in Pico Rivera for a sale price of $63,000,000. The property spans a total of 173,134 square feet with a price per square foot of $364.
Summary of transaction details:
- Property Type: Industrial
- Date: 09/24/2021
- Market: Pico Rivera
The transaction was facilitated by Jordan Lara, Rudy Lara, and Nick Peukpiboon from DAUM Commercial Real Estate Services, representing CenterPoint Properties as brokers.
The industrial sale at Pico Rivera, CA, USA in Pico Rivera, California sold for $63M in 2021. The building is 173,134 square feet, implying about 363 per square foot on the published price. Rudy Lara, Nick Peukpiboon, Jordan Lara, Daum Commercial Real Estate Services appear on the sale alongside Daum Commercial Real Estate Services. This page is the Pico Rivera, California file for the Pico Rivera, CA, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Pico Rivera sit in the Market section below. Filter that Pico Rivera industrial set by closing date to see what else sold near Pico Rivera, CA, USA around 2021. Published consideration for Pico Rivera, CA, USA is $63M, dated 2021. Cite this CenterPoint Properties Acquires Industrial Property In Pico Rivera For $63M sale when underwriting similar industrial product around Pico Rivera, California.
Players
Pico Rivera 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93