West Harbor Capital Acquires Property From Harbor Blvd Investments LLC With Buyer's Rep Chris Migliori
551 S Harbor BLVD, La Habra, CA, 906...
Building Size
—
Asset Type
Land
Closing
May 8, 2019
AI
The property involved in this transaction is an 8.67-acre land parcel located at 551-555 S. Harbor Blvd. in La Habra, California. The market for this sale is La Habra, and the transaction was executed by Harbor Blvd Investments LLC as the seller. The specific transaction amount remains undisclosed.
Summary of transaction details:
- Property Type: Land Parcel
- Transaction Amount: Undisclosed
- Address: 551 S Harbor Blvd, La Habra, CA, 906...
- Buyer: West Harbor Capital
- Seller: Harbor Blvd Investments LLC
- Buyer's Representative: Chris Migliori (Daum Commercial Real Estate Services)
DAUM Commercial Real Estate Services facilitated the transaction, with Chris Migliori and Paul Gingrich representing the buyer and seller respectively. The buyer intends to develop the site for surface industrial use, with construction scheduled for completion in the third quarter of 2019. Additionally, there is potential for a further build-to-suit development of a 150,000-square-foot warehouse, and the site can be divided into two parcels.
Players
La Habra Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93