Dalfen Industrial Acquires Industrial Property In Moreno Valley For $27.2M
SOLD
$27,241,848
California
See Similar DealsIndustrial95,922 SF
Sold 12/16/2022
SOLD
Dalfen Industrial Acquires Industrial Property In Moreno Valley For $27.2M
24773 Nandina Avenue
See Similar DealsIndustrial95,922 SF
Sold 12/16/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$284
Total Square Footage:95,922 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,452,898.56
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$96,784.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$129,140.26
Annual Debt Service$1,549,683.09
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