Costco Wholesale Corporation Acquires Retail Property In Chino Hills For $37.5M
SOLD
$37,500,000
California
See Similar DealsRetail158,421 SF
Sold 09/01/2023
SOLD
Costco Wholesale Corporation Acquires Retail Property In Chino Hills For $37.5M
12945 Peyton Drive
See Similar DealsRetail158,421 SF
Sold 09/01/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$236
Total Square Footage:158,421 SF
Transaction Type:Sale
A retail property located at 12945-13225 Peyton Drive in Chino Hills has been sold. The property spans a total of 158,421 square feet and was sold for $37,500,000, resulting in a price per square foot of $237. The transaction took place between the seller, LNR Partners, and the buyer, Costco Wholesale Corporation. The deal was facilitated by Barclays Harty and Motti Farag of Strategic Retail Advisors.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $37,500,000
- Square Footage: 158,421
- Price per Square Foot: $237
- Address: 12945-13225 Peyton Drive, Chino Hills
- Market: Chino Hills
- Buyer: Costco Wholesale Corporation
- Seller: LNR Partners
- Brokers: Barclay Harty & Motti Farag - Strategic Retail Advisors
The sale transaction of this retail property was successfully closed with the involvement of key individuals and companies. Costco Wholesale Corporation acted as the buyer, while LNR Partners served as the seller. Serving as the brokers in the deal were Barclay Harty and Motti Farag, representing Strategic Retail Advisors.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,999,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$133,229.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$177,769.13
Annual Debt Service$2,133,229.58
Is there something missing? Send suggestions