CBRE Brokers Sell West Covina Property At 1555 W Garvey Ave N For $5.9M
1555 W Garvey Ave N, West Covina, C...
$5,900,000
$261/SF
Building Size
22,564 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in the closed transaction is located at 1555 W Garvey Ave N, West Covina, California. The transaction price for the asset was $5,900,000.00, and it encompasses a total area of 22,564 square feet within the West Covina market.
Summary of transaction details:
- Property Type: N/A
- Transaction Amount: $5,900,000.00
- Address: 1555 W Garvey Ave N, West Covina, California
- Square Footage: 22,564
- Seller's Representatives: Mark Shaffer-CBRE, Damon Feldmeth-CBRE, Doug Mack-CBRE, Jackie Benavidez-CBRE
- Broker: Gary Stache-CBRE
- Buyer: Unknown
In this transaction, multiple representatives from CBRE were involved in representing the seller. Mark Shaffer, Damon Feldmeth, Doug Mack, and Jackie Benavidez facilitated the process, while Gary Stache served as the broker overseeing the deal.
Players
West Covina 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93