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Staley Point Capital Acquires Industrial Property In Inland Empire For $32.7M

Property Image
SOLD
$32,745,600

California

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Industrial72,768 SF
Sold 07/13/2022
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Property Image
SOLD

Staley Point Capital Acquires Industrial Property In Inland Empire For $32.7M

1020 Mildred Street

See Similar Deals
Industrial72,768 SF
Sold 07/13/2022
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$450
Total Square Footage:72,768 SF
Transaction Type:Sale

Located at 1020 Mildred St., in the Inland Empire market, an industrial property with a total area of 72,768 square feet was recently sold. The transaction took place on July 13, 2022, with Staley Point Capital purchasing the property from Jacob Ko. The sale price for this asset was reported at $32,745,600, resulting in a price per square foot of $450.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $32,745,600
  • Address: 1020 Mildred St.
  • Market: Inland Empire

Voit Real Estate Services represented both parties in the transaction, with Ryan Moore and Christian Emerson serving as the brokers. Their expertise and professionalism contributed to the successful completion of the deal.

Players

2 deals$32.7M volume
BROKER

Ryan Moore
3 deals$38M volume
BROKER

Staley Point Capital
BUYER

Details

SOLD
IMAGE: Ryan Moore & Christian Emerson DATE: 07/13/2022 ADDRESS: 1020 Mildred St. MARKET: Inland Empire ASSET TYPE: Industrial BUYER: Staley Point Capital SELLER: Jacob Ko BROKERS: Ryan Moore & Christian Emerson - Voit Real Estate Services SALE PRICE: $32,745,600 SF: 72,768 ~ PPSF: $450

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,746,432.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$116,338.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$155,230.85
Annual Debt Service$1,862,770.20