DAB Capital Group Provides $3.9M Loan For Development Site In Pomona With Tenant Family Dollar
888 West Mission Boulevard, Pomona, CA 91766, USA
$3,900,000
$61/SF
Building Size
63,000 SF
Asset Type
Development Site
Closing
Dec 30, 2018
AI
The development site located at 888 W Mission Blvd in Pomona has been involved in a closed property transaction. The property spans across 63,000 square feet and has an address in the market of Pomona.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,900,000
- Tenant: Family Dollar
- Lender: DAB Capital Group
- Landlord: Mission White Capital
- Brokers: Adam Bakhash, Eric Cohen - DAB Capital
The deal involved a loan of $3,900,000 provided by DAB Capital Group. The landlord in this transaction was Mission White Capital. Family Dollar is the tenant occupying the property. The brokers representing the deal were Adam Bakhash and Eric Cohen from DAB Capital.
Players
Pomona 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93