North Palisade Partners Acquires Industrial Property In Pomona For $43.5M
SOLD
$43,500,000
California
See Similar DealsIndustrial60,000 SF
Sold 03/10/2022
SOLD
North Palisade Partners Acquires Industrial Property In Pomona For $43.5M
2000 Pomona Boulevard, Pomona, California 91768, United States
See Similar DealsIndustrial60,000 SF
Sold 03/10/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$725
Total Square Footage:60,000 SF
Transaction Type:Sale
The industrial property located at 2000 Pomona Boulevard in Pomona has been sold in a recent transaction. The property spans over 11 acres and is classified as an industrial asset.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $43,500,000
- Square Footage: 60,000
- Price per Square Foot: $725
- Address: 2000 Pomona Boulevard
- Market: Pomona
The buyer of the property is North Palisade Partners, represented by Joe Mishurda. The seller is Lock-Ridge Tool Company. The deal was facilitated by Jace Gan and Clyde F. Stauff from Colliers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,320,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$154,546.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$206,212.19
Annual Debt Service$2,474,546.31
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