Updated Nov 22, 2024
JPI Companies Acquires Development Site In San Gabriel Valley For $25.1M
225 West Duarte Road, Monrovia, California 91016, United States
$25,100,000
$98/SF
Building Size
254,500 SF
Asset Type
Development Site
Closing
Nov 14, 2021
About this deal
AI
A development site located at 225 West Duarte Road in the San Gabriel Valley was recently sold for $25,100,000. The property has a building square footage (BSF) of 254,500, resulting in a price per building square footage (PPBSF) of $98. The transaction took place on November 15, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $25,100,000
The buyer in this deal was JPI Companies, while the seller was Burke Investments, represented by Michael Burke and Daniel Burke. The brokers involved in the transaction were Sal Provenza and Curt Crandall from WD Land.
On the Map
$25,100,000
$98/SF
Development Site
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Players
Monrovia 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93