Updated Oct 28, 2024
SOLDDevelopment Site
APPA Real Estate Acquires Development Site In Pasadena, CA For $8.5M
83-85 South Rosemead Boulevard
$8,500,000
Building Size
—
Asset Type
Development Site
Closing
Jul 25, 2022
About this deal
AI
A development site located at 83-85 S. Rosemead Blvd. in Pasadena, CA has been sold for $8,500,000. The property is a development site and spans 150,000 square feet. The price per square foot (PPSF) for this transaction is $56.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $8,500,000
- Building Square Footage (BSF): 150,000
- Price per Square Foot (PPSF): $56
- Address: 83-85 S. Rosemead Blvd., Pasadena, CA
- Market: Pasadena, CA
The buyer of this development site is APPA Real Estate.
Players
Rosamond Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93