Xebec Realty's Randy Kendrick Secures $34.1M Construction Loan For Chino Development Site
13404 Yorba Avenue, Chino, California 91710, United States
$34,100,000
$108/SF
Building Size
315,300 SF
Asset Type
Development Site
Closing
Feb 15, 2022
AI
The development site located at 13404 Yorba Avenue in Chino has undergone a closed transaction. Spanning an area of 10 acres, this property offers immense potential for future development. With a total square footage of 315,300, the site provides ample space to accommodate various projects.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $34,100,000
- Market: Chino
- Address: 13404 Yorba Avenue
Randy Kendrick, representing Xebec Realty, served as the landlord in this transaction. The brokerage firm Walker & Dunlop played a key role as the broker.
A construction loan amounting to $34,100,000 was secured for this project. The loan will provide the necessary funds to carry out the development of the site and bring its potential to fruition.
Players
Chino Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93