Dave Wiest Acquires Industrial Property In Rimforest For $7.4M
26470 Pine Ave, Rimforest, CA, USA
$7,400,000
Building Size
—
Asset Type
Industrial
Closing
Oct 21, 2021
AI
An industrial property located at 26470-26567 Pine Ave. & 26465 Apache Trail in Rimforest has been sold for a price of $7,400,000. The property is situated in a market known for its industrial properties.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,400,000
- Date: 10/21/2021
- Address: 26470-26567 Pine Ave. & 26465 Apache Trail
- Market: Rimforest
The buyer of the property is Dave Wiest, while the seller is Butch Baumann. The deal was facilitated by Jason Lamoreaux and Kyle Vizzo from Coldwell Banker Commercial Real Estate Solutions.
Players
Rimforest 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93