Ruimei Yang Acquires Industrial Asset In Pomona For $3,960,000 With Buyer's Rep Steve Chang
683 New York Drive
$3,960,000
$262/SF
Building Size
15,076 SF
Asset Type
Industrial
Closing
May 4, 2026
AI
The property asset involved in the transaction is located at 683 New York Drive in Pomona, featuring an industrial asset type. The sale price was recorded at $3,960,000, with a total square footage of 15,076 and a price per square foot of $262.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,960,000
- Address: 683 New York Drive
- Market: Pomona
- Square Footage: 15,076
- Price per Square Foot: $262
- Buyer: Ruimei Yang
- Seller: Gagik Grigoryan
- Buyer's Representative: Steve Chang - Chang Investment Group
The deal involved notable individuals including the buyer Ruimei Yang and seller Gagik Grigoryan, with Steve Chang representing the buyer through Chang Investment Group. A note from the buyer's representative congratulated the client on the successful acquisition of the industrial asset.
Pomona 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
4.01%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93