Updated Oct 29, 2024
Dalfen Industrial Acquires Industrial Property In Moreno Valley For $27.2M
24773 Nandina Avenue
$27,241,848
$284/SF
Building Size
95,922 SF
Asset Type
Industrial
Closing
Dec 16, 2022
About this deal
AI
A 95,922-square-foot industrial property located at 24773 Nandina Avenue in Moreno Valley, Inland Empire, has been sold in a closed transaction. The property, owned by Molto Properties and represented by Michael Powers, was purchased by Dalfen Industrial. The buyers were represented by Richard Weiss and Willis Fries. The transaction was facilitated by brokers Michael Kendall, Gian Bruno, and Kenny Patricia from Colliers International.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,241,848
- Address: 24773 Nandina Avenue
- Market: Moreno Valley, Inland Empire
Richard Weiss and Willis Fries of Dalfen Industrial acquired the industrial property from Molto Properties, represented by Michael Powers. The transaction was assisted by brokers Michael Kendall, Gian Bruno, and Kenny Patricia from Colliers International.
Players
Moreno Valley 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93