Updated Oct 28, 2024
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
About this deal
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