Updated Oct 29, 2024
Triple Diamond Imports, LLC Purchases 1021 Walnut Ave Pomona CA For $9.7M From Walnut Company, LLC
1021 Walnut Ave, Pomona, CA, 91766
$9,700,000
$167/SF
Building Size
57,897 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 1021 Walnut Ave, Pomona, CA, 91766. It was sold for $9,700,000.00 and has a total square footage of 57,897. The market for this property is Pomona.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $9,700,000.00
- Address: 1021 Walnut Ave, Pomona, CA, 91766
- Market: Pomona
- Seller: Walnut Company, LLC
- Buyer: Triple Diamond Imports, LLC
- Seller's Representative: Matt Rossman, Lee & Associates
In this transaction, the seller, Walnut Company, LLC, transferred ownership to Triple Diamond Imports, LLC. Matt Rossman from Lee & Associates represented the seller during the deal, facilitating the transaction process without disclosing specific negotiations or terms beyond the outlined details.
On the Map
$9,700,000
$167/SF
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Players
Pomona CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93