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1020 Mildred Street

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

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

1020 Mildred Street

$32,745,600

$450/SF

Building Size

72,768 SF

Asset Type

Industrial

Closing

Jul 13, 2022

AI

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

Christian Emerson

Broker

$32.7M

vol

2 deals

Broker
Staley Point Capital
Staley Point CapitalBuyer

Dallas Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93