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Kalvin Roger Purchases Industrial Asset At 1620 South Marigold Place Ontario For $3.989M

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SOLD
$3,989,000

California

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Industrial12,746 SF
Sold 10/21/2024
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SOLD

Kalvin Roger Purchases Industrial Asset At 1620 South Marigold Place Ontario For $3.989M

1620 South Marigold Place

See Similar Deals
Industrial12,746 SF
Sold 10/21/2024
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$313
Total Square Footage:12,746 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial facility located at 1620 South Marigold Place, Ontario. The sale price for this asset was $3,989,000, and it has a total square footage of 12,746, resulting in a price per square foot of $312.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,989,000
  • Address: 1620 South Marigold Place
  • Market: Ontario
  • Square Footage: 12,746
  • Price per Square Foot: $312
  • Buyer: Kalvin Roger
  • Seller: Robin Phillip
  • Buyer's Representative: Benjamin Gribnau & Jake Zacuto - Zacuto Group

The deal involved Kalvin Roger as the buyer and Robin Phillip as the seller. The buyer was represented by Benjamin Gribnau and Jake Zacuto from the Zacuto Group, who facilitated the transaction.

Players

Jake Zacuto
59 deals$368.6M volume(310) 469-9012
BROKER

Leor Binshtock
Zacuto Group
25 deals$169M volume
BROKER

Benjamin (Benji) Gribnau
Zacuto Group
13 deals$46.9M volume
BROKER

Details

SOLD
IMAGE: Benjamin Gribnau & Jake Zacuto DATE: 10/21/2024 ADDRESS: 1620 South Marigold Place MARKET: Ontario ASSET TYPE: Industrial BUYER: Kalvin Roger SELLER: Robin Phillip BUYER'S REP: Benjamin Gribnau (@BenjiMichaelz) & Jake Zacuto (@JakeZacuto) - Zacuto Group (@ZacutoGroup) SALE PRICE: $3,989,000 SF: 12,746 ~ PPSF: $312

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

$212,746.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,172.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,909.90
Annual Debt Service$226,918.74