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
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