Forbes Industries Sells Industrial Property In Ontario, CA For $56M. Stefan Pastor & Brad Yates - Stream Realty Partners Represented The Seller
1933 East Locust Street, Ontario, California 91761, United States
$56,000,000
$528/SF
Building Size
106,000 SF
Asset Type
Industrial
Closing
Sep 18, 2022
AI
Located at 1933 E. Locust St in Ontario, CA, this industrial property is the focal point of a recent closed transaction. The property spans approximately 106,000 square feet and was sold by Forbes Industries. The deal was facilitated by Stefan Pastor & Brad Yates of Stream Realty Partners. The transaction took place on September 19, 2022, with a sales price of $56,000,000, resulting in a price per square foot of $528.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $56,000,000
- Square Footage: 106,000
- Address: 1933 E. Locust St, Ontario, CA
- Market: Ontario, CA
- Seller: Forbes Industries
- Brokers: Stefan Pastor & Brad Yates - Stream Realty Partners
The sale of this industrial property exemplifies the thriving real estate market in Ontario, CA. Stefan Pastor & Brad Yates of Stream Realty Partners played a pivotal role as the brokers representing the seller, Forbes Industries. With their expertise and negotiation skills, they successfully closed the deal at a notable sales price of $56,000,000. This transaction is a testament to the strong demand for industrial properties in the area and the effectiveness of experienced brokerage teams.
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93