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Socal Apartment Advisors Acquires Industrial Property In West Covina For $58.45M

Property Image
SOLD
$58,450,000
Steven Saunders
Jason Chao
Eric Chen

California

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Industrial171,322 SF
Sold 02/24/2022
the dealplayerscompscontact
Property Image
SOLD

Socal Apartment Advisors Acquires Industrial Property In West Covina For $58.45M

1211 East Badillo Street, Covina, California 91724, United States

See Similar Deals
Industrial171,322 SF
Sold 02/24/2022
Steven Saunders
Jason Chao
Eric Chen
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$341
Total Square Footage:171,322 SF
Transaction Type:Sale

An industrial property located at 1211 East Badillo Street in West Covina has been sold for $58,450,000. The property spans 171,322 square feet and has a price per square foot of $341.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $58,450,000
  • Square Footage: 171,322
  • Address: 1211 East Badillo Street, West Covina
  • Market: West Covina

The sale of this industrial property was facilitated by Eric Chen, Jason Chao, and Steven Saunders from Socal Apartment Advisors. They represented the parties involved in the transaction.

Players

Eric Chen
CBRE
Eric Chen
108 deals$886.6M volume(626) 757-5717
BROKER
Jason Chao
CBRE
Jason Chao
5 deals$111.3M volume(626) 629-8198
BROKER
Steven Saunders
CBRE
Steven Saunders
4 deals$72.9M volume
BROKER

Details

SOLD
IMAGE: Jason Chao, Eric Chen & Steven Saunders DATE: 02/24/2022 ADDRESS: 1211 East Badilllo Street MARKET: West Covina ASSET TYPE: Industrial BROKER: Eric Chen (@Eric_C_Chen), Jason Chao & Steven Saunders - Socal Apartment Advisors (@SocalApartmentAdvisors) SALE PRICE: $58,450,000 SF: 171,322 ~ PPSF: $341

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$207,660.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$277,082.82
Annual Debt Service$3,324,993.84