Brandon Perdeck & Matt Carney Of Aries Capital Secure $50M Acquisition Loan For Industrial Property In Pomona
2875 Pomona Boulevard
$50,000,000
$172/SF
Building Size
290,000 SF
Asset Type
Industrial
Closing
Dec 23, 2022
AI
The industrial property located at 2875 Pomona Boulevard in Pomona was involved in a closed transaction. The property spans 290,000 square feet and is classified as an industrial asset.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2875 Pomona Boulevard
- Market: Pomona
The transaction was facilitated by Brandon Perdeck and Matt Carney of Aries Capital. They represented the buyer in this acquisition loan deal. The loan amount was $50,000,000, and it was an acquisition loan with a term of 36 months and interest-only payments. The loan was closed in just 17 days to meet a 1031 deadline, as noted by the brokers.
Players
Pomona Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93