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1165 East Edna Place

Dunleer Sells Industrial Property In Covina For $7.25M, Represented By BJ Turner And Brokers Kurt Yacko And Kerel Sharfner
SOLDIndustrial

Dunleer Sells Industrial Property In Covina For $7.25M, Represented By BJ Turner And Brokers Kurt Yacko And Kerel Sharfner

1165 East Edna Place

$7,250,000

$233,871/SF

Building Size

31 SF

Asset Type

Industrial

Closing

Feb 24, 2023

AI

A 1.5-acre industrial property located at 1165 E Edna Place in Covina has been sold for $7,250,000. The property, measuring 31,688 square feet, was sold by Dunleer, represented by BJ Turner. The sale was facilitated by brokers Kurt Yacko from DAUM Commercial Real Estate Services and Kerel Sharfner from New Vision Commercial. The price per square foot for the transaction was $229.

Summary of transation details

The sale of the industrial property, located at 1165 E Edna Place in Covina, was facilitated by brokers Kurt Yacko from DAUM Commercial Real Estate Services and Kerel Sharfner from New Vision Commercial. The transaction was completed at a price of $7,250,000, with each square foot valued at $229.

Players

Kurt Yacko

Daum Commercial Real Estate Services

Broker

$11.7M

vol

3 deals

Broker
BJ Turner

BJ Turner

Dunleer

Seller

$57.7M

vol

7 deals

Seller

Covina 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

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93