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1300 W Mission Blvd, Pomona...

Marcus & Millichap Brokers Sell Dev. Site In Pomona For $1.05M
SOLDDevelopment Site

Marcus & Millichap Brokers Sell Dev. Site In Pomona For $1.05M

1300 W Mission Blvd, Pomona, CA, USA

$1,050,000

$40/SF

Building Size

26,250 SF

Asset Type

Development Site

Closing

May 19, 2019

AI

1300 W Mission Blvd in Pomona was recently sold for $1,050,000. The property, classified as a development site, spans a total of 26,250 square feet. With a price per square foot of $40.13, this asset includes 33 units. The sale was handled by Filip Niculete, Glen Scher, and Lonnie McDermott from Marcus & Millichap.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,050,000
  • Address: 1300 W Mission Blvd
  • Market: Pomona
  • Price per square foot: $40.13
  • Units: 33
  • Date: 05/20/2019

Filip Niculete, Glen Scher, and Lonnie McDermott from Marcus & Millichap were the brokers involved in this transaction. They successfully facilitated the sale of the property at 1300 W Mission Blvd in Pomona.

Players

Filip Niculete

Marcus & Millichap

Broker

$792.7M

vol

200 deals

Broker

Pomona Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93