Updated Oct 28, 2024
Maria Ofelia Morales Acquires Industrial Property In Pittsburg, CA From Kathryn Mardiros & Mardiros Dale Leland For $3.6M
620 Garcia Avenue, Pittsburg, California 94565, United States
$3,600,000
$151/SF
Building Size
23,760 SF
Asset Type
Industrial
Closing
May 17, 2022
About this deal
AI
The industrial property located at 620 Garcia Ave in Pittsburg, CA was recently sold in a closed transaction. Spanning across 23,760 square feet, this property offers ample space for industrial activities. The sale took place on May 18, 2022, and the asset type is industrial. The property was sold for a price of $3,600,000, resulting in a price per square foot of $151.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,600,000
- Square Footage: 23,760
- Price Per Square Foot: $151
- Address: 620 Garcia Ave, Pittsburg, CA
- Market: Pittsburg, CA
The buyer of this property is Maria Ofelia Morales, while Kathryn Mardiros and Mardiros Dale Leland served as the sellers. The successful transaction showcases the involvement of these key individuals in the deal.
Players
Pittsburg 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93