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.
Pomona 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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93