Joseph Harmon Acquires Industrial Property In Pomona, CA For $20.4M
SOLD
$20,400,000
California
See Similar DealsIndustrial68,342 SF
Sold 07/12/2022
SOLD
Joseph Harmon Acquires Industrial Property In Pomona, CA For $20.4M
1250 East Philadelphia Street
See Similar DealsIndustrial68,342 SF
Sold 07/12/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$298
Total Square Footage:68,342 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,087,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$72,476.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$96,706.41
Annual Debt Service$1,160,476.89
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