Updated Sep 9, 2024
Chung Ung Kim Acquires Industrial Property In Inland Empire For $2.5M
692 Parkridge Avenue
$2,534,560
$31/SF
Building Size
81,760 SF
Asset Type
Industrial
Closing
Aug 19, 2022
About this deal
AI
The industrial property at 692 Parkridge Ave. in Inland Empire was sold for a price of $2,534,560. The property spans across 8,176 square feet, resulting in a price per square foot of $310. The transaction took place on 08/19/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,534,560
- Address: 692 Parkridge Ave.
- Market: Inland Empire
The buyer of the property was Chung Ung Kim, while the sellers were Scott Whipple and John Gordon. The buyer was represented by Nathan Demosthenes and Joseph Lising from Cushman & Wakefield, while Brett Lockwood, also from Cushman & Wakefield, represented the sellers.
On the Map
$2,534,560
$31/SF
Industrial
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Players
Norco 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
6.26%
Cash-on-Cash
-1.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93