Industrial Portfolio Trades For $162 Million
The Class A infill industrial portfolio consists of seven buildings totaling 677,789 square feet.
The Class A infill industrial portfolio consists of seven buildings totaling 677,789 square feet.
Cushman & Wakefield’s Greg Miller, Scott O’Donnell, Mike Ciadella, Dominic Montazemi, and Miguel Alcivar represented both the buyer and seller in the transaction.
The final sale price equated to more than $202 psf.
Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi, Miguel Alcivar, Jason Hochman, and Ron Granite of Cushman & Wakefield represented the seller in the transaction.
The final sale price was $22 million, equating to $155 per square foot.
The portfolio sold for $49 million.
The property is 100% leased to more than 40 tenants ranging from light industrial to athletic and recreational uses.
The building totals 107,304 square feet.
The buildings, which total 64,436 square feet, were 93.5% occupied at the time of the sale.
The final sale price was $22.6 million. CLICK ON THE HEADLINE FOR MORE
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