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3120 Mission Blvd, Ontario,...

Dermody Properties Acquires Industrial Property In Ontario From Safariland For $12.9M
SOLDIndustrial

Dermody Properties Acquires Industrial Property In Ontario From Safariland For $12.9M

3120 Mission Blvd, Ontario, CA 91761, USA

$12,900,000

$125/SF

Building Size

103,000 SF

Asset Type

Industrial

Closing

Apr 27, 2020

AI

Dermody Properties has acquired an industrial property located at 3120 East Mission Blvd in Ontario for a price of $12,900,000. The property spans across 103,000 square feet, resulting in a price per square foot of $125. The transaction was completed between Dermody Properties and Safariland.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $12,900,000
  • Address: 3120 East Mission Blvd, Ontario
  • Square Footage: 103,000
  • Price per Square Foot: $125
  • Buyer: Dermody Properties
  • Seller: Safariland

The deal was facilitated by the brokers Barbara Perrier, Darla Longo, and Dan De La Paz from CBRE. They represented both the buyer, Dermody Properties, and the seller, Safariland, throughout the transaction.

Players

Darla Longo

CBRE

Broker

$1.3B

vol

22 deals

Broker
Dermody Properties
Dermody PropertiesBuyer

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

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93