Socal Apartment Advisors Acquires Industrial Property In West Covina For $58.45M
1211 East Badillo Street, Covina, California 91724, United States
$58,450,000
$341/SF
Building Size
171,322 SF
Asset Type
Industrial
Closing
Feb 23, 2022
AI
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
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93