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EverWest Real Estate Investors Acquires Industrial Property In Pomona, CA For $45.9M

Property Image
SOLD
$45,900,000
Zachary (Zach) Harman
Mike Adey
+ 2

California

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Industrial182,275 SF
Sold 09/12/2022
the dealplayerscompscontact
Property Image
SOLD

EverWest Real Estate Investors Acquires Industrial Property In Pomona, CA For $45.9M

159 N San Antonio Ave

See Similar Deals
Industrial182,275 SF
Sold 09/12/2022
Zachary (Zach) Harman
Mike Adey
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$251
Total Square Footage:182,275 SF
Transaction Type:Sale

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

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

Bryce Aberg
18 deals$1.1B volume(858) 546-5462
BROKER

Mike Adey
Cushman & Wakefield
18 deals$1.3B volume
BROKER

Zachary (Zach) Harman
Cushman & Wakefield
8 deals$448.5M volume
BROKER

Jeff Chiate
Cushman & Wakefield
38 deals$2.7B volume
BROKER

Brad Brandenburg
Cushman & Wakefield
11 deals$934.6M volume
BROKER

Stos Partners
BROKERAGE


Details

SOLD
IMAGE: Jason Richards, Jay Boyle, CJ Stos & Tanner Jansen DATE: 09/12/2022 ADDRESS: 159 N San Antonio Avenue MARKET: Pomona, CA ASSET TYPE: Industrial BUYER: EverWest Real Estate Investors SELLER: Stos Partners (@StosPartners) BROKERS: Jeffrey Cole, Jeffrey Chiate, Bryce Aberg, Brad Brandenburg, Mike Adey & Zachary Harman - Cushman & Wakefield SALE PRICE: $45,900,000 SF: 182,275 ~ PPSF: $252

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,448,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$163,073.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$217,589.42
Annual Debt Service$2,611,073.01