Colton Real Estate Ventures Acquires Industrial Property In Colton For $29.7M
1901 W Center St, Colton, Ca 92324, Usa
$29,704,000
$12/SF
Building Size
2,322,000 SF
Asset Type
Industrial
Closing
Sep 1, 2020
AI
A 232,200 square foot industrial property located at 1901 W. Center Street in Colton has been sold for a price of $29,704,000. The transaction took place on September 2, 2020. The property was acquired by Colton Real Estate Ventures from Hillwood Development. The asset was marketed in the Colton market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $29,704,000
- Square Footage: 232,200
- Price per Square Foot: $127
- Seller: Hillwood Development
- Buyer: Colton Real Estate Ventures
- Brokers: Marc Schillinger, Keith Rosso, and Eric Boucher - JLL; Corey Spound - Tamarack Real Estate Services
The deal was facilitated by brokers Marc Schillinger, Keith Rosso, and Eric Boucher from JLL, along with Corey Spound from Tamarack Real Estate Services. These individuals represented the respective parties involved in the transaction.
Players
Colton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93