Updated May 23, 2024
Private Investor Acquires Commercial Asset In Pomona For $2.7M
101 W Foothill BLVD, Pomona, CA, 91...
$2,700,000
Building Size
—
Asset Type
Commercial
Closing
Nov 22, 2023
About this deal
AI
The restaurant property located at 101 W. Foothill Blvd. in Pomona, CA, has been acquired by a private investor based in San Gabriel, Calif. The asset, originally built in 1976, features a drive-thru lane and has been occupied by Jack in the Box for over 30 years. Following a major renovation in 2020 to align with the current store branding, the property was sold for $2.7 million.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,700,000.00
- Address: 101 W Foothill Blvd, Pomona, CA
- Market: Pomona
Mike Lin of Progressive Real Estate Partners represented the buyer, a private investor, in this transaction. The seller of the property remains undisclosed, and the buyer had the representation of Mike Darling in the deal.
On the Map
$2,700,000
Commercial
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Players
Pomona Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93