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.
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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