Updated Oct 29, 2024
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
About this deal
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.
On the Map
$19,770,000
$380/SF
Industrial
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Players
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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