Updated Oct 28, 2024
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
About this deal
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.
On the Map
$34,100,000
$108/SF
Development Site
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Players
Chino Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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