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

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SOLD
$12,900,000

California

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Industrial103,000 SF
Sold 04/28/2020
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Property Image
SOLD

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

3120 Mission Blvd, Ontario, CA 91761, USA

See Similar Deals
Industrial103,000 SF
Sold 04/28/2020
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$125
Total Square Footage:103,000 SF
Transaction Type:Sale

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
22 deals$1.3B volume(909) 418-2105
BROKER

Barbara (Emmons) Perrier
CBRE
36 deals$1.8B volume(818) 481-2374
BROKER

Dan De La Paz
CBRE
2 deals$12.9M volume
BROKER

Dermody Properties
BUYER

Details

SOLD
IMAGE: Darla Longo, Barbara Perrier & Dan De La Paz DATE: 04/28/2020 ADDRESS: 3120 East Mission Blvd MARKET: Ontario ASSET TYPE: Industrial PRICE: $12,900,000 SF: 103,000 PPSF: $125 BUYER: Dermody Properties SELLER: Safariland BROKERS: Barbara Perrier, Darla Longo & Dan De La Paz @CBRE

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$688,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,830.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,152.58
Annual Debt Service$733,830.98