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

Property Image
SOLD
$45,900,000
Zachary (Zach) Harman
Mike Adey
+ 3

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 From Stos Partners For $45.9M

159 North San Antonio Avenue, Pomona, California 91767, United States

See Similar Deals
Industrial182,275 SF
Sold 09/12/2022
Zachary (Zach) Harman
Mike Adey
+ 3
Contact now

Summary

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

An industrial property located at 159 N San Antonio Avenue in Pomona, CA has been sold for a price of $45,900,000. The transaction took place on September 12, 2022, and the property spans across 182,275 square feet with a price per square foot of $252.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $45,900,000

The buyer of this property is EverWest Real Estate Investors, while the seller is Stos Partners. Cushman & Wakefield represented both parties in the deal. The brokers involved in this transaction are Jeffrey Cole, Jeffrey Chiate, Bryce Aberg, Brad Brandenburg, Mike Adey, and Zachary Harman from Cushman & Wakefield.

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

Jeffrey (Jeff) Cole
Cushman & Wakefield
22 deals$1.9B volume
BROKER

Stos Partners
BROKERAGE


Details

SOLD
IMAGE: Jason Richards, Jay Boyle, CJ Stos (@CJStos) & Tanner Jansen DATE: 09/12/2022 ADDRESS: 159 N San Antonio Avenue MARKET: Pomona, CA ASSET TYPE: Industrial BUYER: EverWest Real Estate Investors (@Everest_RealEstate_Investors) SELLER: Stos Partners (@StosPartners) BROKERS: Jeffrey Cole (@JeffCole49), Jeffrey Chiate, Bryce Aberg (@BrycetAberg), Brad Brandenburg (@Instaburg38), Mike Adey & Zachary Harman - Cushman & Wakefield (@CushWake) 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