Updated Dec 14, 2024
UBS Realty Acquires Industrial Property In Pomona For $32M
1400 East Phillips Boulevard, Pomona, CA 91766, USA
$32,000,000
$642/SF
Building Size
49,800 SF
Asset Type
Industrial
Closing
Jan 16, 2019
About this deal
AI
The industrial property located at 1400 E. Phillips Boulevard in Pomona has been sold in a closed transaction. The property spans approximately 49,800 square feet and is situated in the Pomona market. The sale took place on 01/17/2019, with an agreed-upon price of $32,000,000, resulting in a price per square foot of $642.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Square Footage: 49,800
- Price per Square Foot: $642
- Address: 1400 E. Phillips Boulevard, Pomona
- Market: Pomona
The buyer in this transaction is UBS Realty, and the seller is Overton Moore Properties. The sale was facilitated by the broker, Jason Chao, from CBRE.
On the Map
$32,000,000
$642/SF
Industrial
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Players
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93