CenterPoint Properties Acquires Industrial Property In Pico Rivera For $63M
SOLD
$63,000,000
California
See Similar DealsIndustrial173,134 SF
Sold 09/24/2021
SOLD
CenterPoint Properties Acquires Industrial Property In Pico Rivera For $63M
Pico Rivera, CA, USA
See Similar DealsIndustrial173,134 SF
Sold 09/24/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$363
Total Square Footage:173,134 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$223,825.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$298,652.14
Annual Debt Service$3,583,825.69
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