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Leonardo Lara Of Lara's Meat Inc Acquires 30,684 SF Industrial Property In Jurupa Valley For $10.28M
SOLD
$10,280,000
California
See Similar DealsIndustrial30,684 SF
Sold 11/02/2023
SOLD
Leonardo Lara Of Lara's Meat Inc Acquires 30,684 SF Industrial Property In Jurupa Valley For $10.28M
3619 De Forest Circle
See Similar DealsIndustrial30,684 SF
Sold 11/02/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$335
Total Square Footage:30,684 SF
Transaction Type:Sale
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
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$548,266.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,522.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,732.44
Annual Debt Service$584,789.34
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