EverWest Real Estate Investors Acquires Industrial Property In Pomona, CA For $45.9M
159 N San Antonio Ave
$45,900,000
$251/SF
Building Size
182,275 SF
Asset Type
Industrial
Closing
Sep 12, 2022
AI
Located at 159 N San Antonio Avenue in Pomona, CA, this industrial property was recently sold in a closed transaction. The property spans approximately 182,275 square feet, and the sale price was recorded at $45,900,000, resulting in a price per square foot of $252.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $45,900,000
- Market: Pomona, CA
- Buyer: EverWest Real Estate Investors
- Seller: Stos Partners
- Brokers: Jeffrey Cole, Jeffrey Chiate, Bryce Aberg, Brad Brandenburg, Mike Adey & Zachary Harman - Cushman & Wakefield
The sale of this property was facilitated by the brokerage team at Cushman & Wakefield, represented by brokers Jeffrey Cole, Jeffrey Chiate, Bryce Aberg, Brad Brandenburg, Mike Adey, and Zachary Harman. Their expertise in the industrial real estate market helped successfully close this transaction between the buyer, EverWest Real Estate Investors, and the seller, Stos Partners.
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93