Frances Chen Acquires Industrial Property In Glendora For $10.9M
SOLD
$10,900,000
California
See Similar DealsIndustrial41,004 SF
Sold 06/09/2023
SOLD
Frances Chen Acquires Industrial Property In Glendora For $10.9M
1332 S Lone Hill Ave Glendora, CA 91740, USA
See Similar DealsIndustrial41,004 SF
Sold 06/09/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$265
Total Square Footage:41,004 SF
Transaction Type:Sale
The industrial property located at 1332 South Lone Hill Avenue in Glendora has been sold. The property spans a total of 41,004 square feet, with a price per square foot of $266. The transaction took place on 06/09/2023.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $10,900,000
- Address: 1332 South Lone Hill Avenue
- Market: Glendora
The buyer of the property is Frances Chen, while the seller is Steve Rogers. The deal was facilitated by Kevin Ching and Justin Chiang from Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$581,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,725.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,671.56
Annual Debt Service$620,058.73
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