Pacific Bend Inc. & Big Dog Properties Acquires Industrial Property In Hemet For $7.9M
5733 W Whittier Ave, Hemet, CA, USA
$7,900,000
$56/SF
Building Size
140,000 SF
Asset Type
Industrial
Closing
Aug 25, 2021
AI
Pacific Bend Inc. and Big Dog Properties have acquired an industrial property located at 5733 W. Whittier Ave. in Hemet. The property, spanning 140,000 square feet, was sold for a total of $7,900,000, resulting in a price per square foot of $56.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,900,000
- Address: 5733 W. Whittier Ave., Hemet
- Market: Hemet
The buyer was represented by Patrick Barnes and Paul Clark from Avison Young.
Please note that no additional information is available regarding this transaction.
Players
Hemet 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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93