Kalvin Roger Purchases Industrial Asset At 1620 South Marigold Place Ontario For $3.989M
1620 South Marigold Place
$3,989,000
$313/SF
Building Size
12,746 SF
Asset Type
Industrial
Closing
Oct 21, 2024
AI
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
Ontario 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
3.98%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93