EverWest Real Estate Investors Acquires Industrial Property In Corona For $37M
SOLD
California
See Similar DealsIndustrial210,345 SF
Sold
SOLD
EverWest Real Estate Investors Acquires Industrial Property In Corona For $37M
1560 E 6th St, Corona, CA 92879, USA
See Similar DealsIndustrial210,345 SF
Sold
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:210345 SF
Transaction Type:Sale
The industrial property located at 1560 E. 6th St in Corona has been sold for a price of $37,000,000. The property spans a total area of 210,345 square feet, resulting in a price per square foot of $175.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $37,000,000
- Address: 1560 E. 6th St
- Market: Corona
EverWest Real Estate Investors, represented by Erik Good, acquired the property. The brokers involved in the deal were Richard Schwartz, Joey Reaume, and Tommy Gilmore from Colliers International, along with Jim deRegt from Lee & [...].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,973,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$131,453.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,398.88
Annual Debt Service$2,104,786.52
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