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1555 W Garvey Ave N, West C...

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

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:

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

CBRE

Broker

$251.1M

vol

20 deals

Broker

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