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1719 Chapin Rd, Montebello,...

Link Logistics Acquires Property In Montebello For $29.3 Million With Buyer's Reps Mark Vanis And Jon Reno
SOLDWarehouse

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

Jon Reno

JLL

Broker

$164.1M

vol

6 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateBrokerage
Link Logistics Real Estate
Link Logistics Real EstateBuyer

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