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
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.
Players
Pico Rivera Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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