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551 S Harbor BLVD, La Habra...

West Harbor Capital Acquires Property From Harbor Blvd Investments LLC With Buyer's Rep Chris Migliori
SOLDLand

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:

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

Chris Migliori

Daum Commercial Real Estate Services

Broker

$88.3M

vol

7 deals

Broker
WC
West Harbor CapitalBuyer

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