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
- Property Type: Industrial
- Transaction Amount: $7,250,000
- Address: 1165 E Edna Place
- Market: Covina
- Acres: 1.5
- Square Feet: 31,688
- Seller: Dunleer - BJ Turner
- Brokers: Kurt Yacko - DAUM Commercial Real Estate Services & Kerel Sharfner - New Vision Commercial
- Price Per Square Foot: $229
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
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