facebook
Traded Co logo
Submit

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

Property Image
SOLD
$1,050,000
Glen Scher
Lonnie Mcdermott
Filip Niculete

California

See Similar Deals
Development Site26,250 SF
Sold 05/20/2019
the dealplayerscompscontact
Property Image
SOLD

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

1300 W Mission Blvd, Pomona, CA, USA

See Similar Deals
Development Site26,250 SF
Sold 05/20/2019
Glen Scher
Lonnie Mcdermott
Filip Niculete
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$40
Total Square Footage:26,250 SF
Transaction Type:Sale

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
Filip Niculete
197 deals$786.7M volume
BROKER
Glen Scher
Marcus & Millichap
Glen Scher
191 deals$739.7M volume
BROKER
Lonnie Mcdermott
Marcus & Millichap
Lonnie Mcdermott
16 deals$118.4M volume(818) 577-8904
BROKER

Details

SOLD
IMAGE: Filip Niculete, Glen Scher and Lonnie McDermott @laapartmentadvisors DATE: 05/20/2019 ADDRESS: 1300 W Mission Blvd MARKET: Pomona ASSET TYPE: Dev. Site BROKERS: Filip Niculete, Glen Scher & Lonnie McDermott - Marcus & Millichap PRICE: $1,050,000 BSF: 26,250 ~ PPBSF: $40.13 UNITS: 33

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43