Updated Dec 4, 2024
Pure Development Acquires Industrial Property In Ontario For $14.89M
301 Rockefeller Avenue
$14,890,000
$340/SF
Building Size
43,800 SF
Asset Type
Industrial
Closing
Nov 14, 2023
About this deal
AI
Indianapolis-based Pure Development has acquired a 43,800 sq ft industrial property in Ontario for $14.89 million from a Domino's Pizza affiliate. The site, serving as a distribution hub, was built in 1986 and sits on 2.78 acres in an industrial area.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,890,000
- Address: 301 South Rockefeller Avenue
- Market: Ontario
- Area: 2.78 acres
The buyer of the industrial property is Pure Development, represented by Chris Seger. Chris Seger is associated with the agency Pure Development.
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
1.07%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93