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CBRE Brokers Sell West Covina Property At 1555 W Garvey Ave N For $5.9M

Property Image
SOLD
$5,900,000
Gary Stache
Doug Mack
+ 2

California

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22,564 SF
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Property Image
SOLD

CBRE Brokers Sell West Covina Property At 1555 W Garvey Ave N For $5.9M

1555 W Garvey Ave N, West Covina, C...

See Similar Deals
22,564 SF
Gary Stache
Doug Mack
+ 2
Contact now

Summary

CALIFORNIA
Price Per Square Foot:$261
Total Square Footage:22,564 SF
Transaction Type:Sale

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:

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

Doug Mack
20 deals$251.1M volume
BROKER

Gary Stache
CBRE
33 deals$481.9M volume
BROKER

Mark Shaffer
CBRE
39 deals$717M volume
BROKER

Damon Feldmeth
CBRE
4 deals$5.9M volume(818) 502-6768
BROKER

Jackie Benavidez
CBRE
3 deals$14.1M volume(818) 502-6758
BROKER

Details

SOLD
IMAGE: 1555 W Garvey Ave N, West Covina, C... MARKET: West Covina SELLER'S REP: Mark Shaffer-CBRE Damon Feldmeth-CBRE Doug Mack-CBRE, Jackie Benavidez-CBRE BROKERS: Gary Stache-CBRE BUYER: Unknown SELLER: PRICE: $5,900,000.00 SF: 22564

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12