Private Investor Acquires Commercial Asset In Pomona For $2.7M
SOLD
$2,700,000
California
See Similar DealsCommercial
SOLD
Private Investor Acquires Commercial Asset In Pomona For $2.7M
101 W Foothill BLVD, Pomona, CA, 91...
See Similar DealsCommercial
Summary
CALIFORNIA
Asset Type:Commercial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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