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683 New York Drive

Ruimei Yang Acquires Industrial Asset In Pomona For $3,960,000 With Buyer's Rep Steve Chang
SOLDIndustrial

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.

Players

Steve Chang

Chang Investment Group

Broker

$85.5M

vol

11 deals

Broker

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