Updated Jun 23, 2025
K. Joseph Shabani & Kamyar Shabani Of Optimus Properties LLC Sell Development Site In Pomona For $12M
3101 North Garey Avenue
$12,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 2, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 3101-3191 North Garey Avenue in Pomona, CA. The sale price for the property was $12,000,000. The site encompasses approximately 5.519 acres.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,000,000
- Address: 3101-3191 North Garey Avenue
- Market: Pomona, CA
- Acres: ±5.519
- Seller: K. Joseph Shabani & Kamyar Shabani - Optimus Properties, LLC
- Seller's Representatives: Janet Neman & Angelica Gotzev - Kidder Mathews
The key individuals involved in this transaction include K. Joseph Shabani and Kamyar Shabani, representing the seller, Optimus Properties, LLC. The transaction was facilitated by Janet Neman and Angelica Gotzev, who acted as the seller's representatives from Kidder Mathews.
On the Map
$12,000,000
Development Site
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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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93