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3101 North Garey Avenue

K. Joseph Shabani & Kamyar Shabani Of Optimus Properties LLC Sell Development Site In Pomona For $12M
SOLDDevelopment Site

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

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:

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.

Players

Janet Neman

Kidder Mathews

Broker

$483.6M

vol

26 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage
Kamyar Shabani

Kamyar Shabani

Optimus Properties, LLC

Seller

$160.5M

vol

13 deals

Seller
Optimus Properties, LLC
Optimus Properties, LLCSeller

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