Excelsior Partners Acquires Industrial Property In Montclair For $19.77M
10588 Monte Vista Ave Montclair, CA 91763, USA
$19,770,000
$380/SF
Building Size
51,976 SF
Asset Type
Industrial
Closing
Jul 28, 2023
AI
An industrial property located at 10588 Monte Vista Avenue in Montclair, California, has been sold for $19.77 million. The 2.3-acre site features a warehouse building spanning 51,976 square feet. The transaction took place between Excelsior Partners, represented by Casey D. Adams, and the seller, ATG Electronics Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,770,000
- Address: 10588 Monte Vista Avenue, Montclair, California
- Market: Montclair
- Size: 2.3 acres
- Square Feet: 51,976
- Buyer: Excelsior Partners - Casey D. Adams
- Seller: ATG Electronics Inc
The industrial property in Montclair, California was acquired by Excelsior Partners for a price slightly below the original asking price. The 51,976 square foot warehouse building is currently occupied by ATG Electronics Inc, serving as a valuable asset for the buyer.
Players
Los Angeles 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93