Updated Dec 4, 2024
Michael Reed Acquires Industrial Property On Greystone Drive In Ontario For $12.25M
4071 Greystone Drive
$12,250,000
$326/SF
Building Size
37,500 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The industrial property located at 4071 Greystone Drive in Ontario has been sold in a recent transaction. The property offers a total area of 37,500 square feet and was listed for an asking price of $12,750,000.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $12,250,000
- Square Footage: 37,500
- Price per Square Foot: $327
- Address: 4071 Greystone Drive, Ontario
The buyer of the property is Michael Reed, while the seller is Bob Boc. Jared Swedelson from NAI Capital represented both parties as the broker in this 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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93