Updated Dec 4, 2024
Clarion Partners Acquires Industrial Property In Inland Empire For $29.5M
1041 Mildred Street, La Verne, CA, USA
$29,500,000
$288/SF
Building Size
102,400 SF
Asset Type
Industrial
Closing
Sep 2, 2021
About this deal
AI
Located at 1041 Mildred Street in the Inland Empire market, an industrial property was recently sold for a total price of $29,500,000. The property spans across 102,400 square feet, resulting in a price per square foot of $288. The sale took place on September 2, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $29,500,000
- Square Feet: 102,400
- Price per Square Foot: $288
- Address: 1041 Mildred Street
- Market: Inland Empire
The buyer of this industrial property was Clarion Partners, while ACT Properties served as the seller. The transaction was facilitated by Ryan Lal from the SIOR agency, representing the buyer.
Players
La Verne 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93