facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Industrial

/

Sale

/

1250 East Philadelphia Street

Joseph Harmon Acquires Industrial Property In Pomona, CA For $20.4M
SOLDIndustrial

Joseph Harmon Acquires Industrial Property In Pomona, CA For $20.4M

1250 East Philadelphia Street

$20,400,000

$298/SF

Building Size

68,342 SF

Asset Type

Industrial

Closing

Jul 12, 2022

AI

The industrial property located at 1250 Philadelphia St. in Pomona, CA, has been sold for $20,400,000. The transaction was facilitated by Joseph Harmon, representing both the buyer and seller. The property spans a total of 68,342 square feet, resulting in a price per square foot of $298. The sale took place in the West Inland Empire market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $20,400,000
  • Square Footage: 68,342
  • Price per Square Foot: $298
  • Address: 1250 Philadelphia St., Pomona, CA
  • Market: West Inland Empire

Joseph Harmon played a crucial role in the transaction as the representative for both the buyer and seller. His expertise and negotiation skills ensured a successful deal for all parties involved.

Players

Joseph Harmon

Daum Commercial Real Estate Services

Broker

$128.1M

vol

12 deals

Broker

Pomona Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93