Kalvin Roger Purchases Industrial Asset At 1620 South Marigold Place Ontario For $3.989M
SOLD
California
See Similar DealsIndustrial12,746 SF
Sold 10/21/2024
SOLD
Kalvin Roger Purchases Industrial Asset At 1620 South Marigold Place Ontario For $3.989M
1620 South Marigold Place
See Similar DealsIndustrial12,746 SF
Sold 10/21/2024
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.
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Deal Type
30 years
10 years
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
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