Updated Dec 4, 2024
Leonardo Lara Of Lara's Meat Inc Acquires 30,684 SF Industrial Property In Jurupa Valley For $10.28M
3619 De Forest Circle
$10,280,000
$335/SF
Building Size
30,684 SF
Asset Type
Industrial
Closing
Nov 2, 2023
About this deal
AI
A 30,684 square foot warehouse located at 3619 De Forest Circle in Jurupa Valley, Mira Loma was sold in a closed transaction for $10,280,000. The property features four dock-high doors and one grade door.
Summary of transaction details
- Asset Type: Industrial
- Sale Price: $10,280,000
- Square Footage: 30,684 SF
- Price per Square Foot: $335
- Address: 3619 De Forest Circle, Jurupa Valley, Mira Loma
- Market: Mira Loma, Jurupa Valley
Leonardo Lara, associated with Lara's Meat Inc, acquired the property. The seller in the transaction was Eduardo Kim. Bank of America provided financing for the deal, consisting of a $7.74 million acquisition loan and a $4.1 million construction loan.
Players
Jurupa Valley 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93