Link Logistics Acquires Property In Montebello For $29.3 Million With Buyer's Reps Mark Vanis And Jon Reno
1719 Chapin Rd, Montebello, CA, 90640
$29,300,000
$356/SF
Building Size
82,200 SF
Asset Type
Warehouse
Closing
Oct 3, 2022
AI
The property involved in this transaction is located at 1719 Chapin Rd, Montebello, CA, 90640. The sale was executed in the Montebello market for a total price of $29,300,000.00. The property encompasses a total square footage of 82,200 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $29,300,000.00
- Address: 1719 Chapin Rd, Montebello, CA, 90640
- Market: Montebello
- Buyer: Link Logistics
- Buyer’s Representative: Mark Vanis-JLL, Jon Reno-JLL
The transaction was facilitated by representatives Mark Vanis and Jon Reno from JLL, who acted on behalf of the buyer, Link Logistics, in this successful sale process.
Players
Montebello Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93