Updated Oct 29, 2024
Learn 1031, LLC Acquires Montrose Industrial Property For $4M
3709 Clifton Place, Montrose, CA, USA
$4,000,000
$597/SF
Building Size
6,696 SF
Asset Type
Industrial
Closing
Jul 31, 2019
About this deal
AI
Learn 1031, LLC has acquired an industrial property in Montrose. The property, located at 3709 Clifton Place, spans 6,696 square feet and was sold for a total of $4,000,000, resulting in a price per square foot of $597.37. The seller in this transaction was The Ryan & Jihee Park Life Estate Trust.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Address: 3709 Clifton Place
- Market: Montrose
- Buyer: Learn 1031, LLC
- Seller: The Ryan & Jihee Park Life Estate Trust
The deal was facilitated by the team of Brent Koo, Martin Agnew, and Ryan Serling from Agnew Serling Group.
On the Map
$4,000,000
$597/SF
Industrial
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Players
Montrose 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93