Lee & Associates Acquires Industrial Property In Claremont For $13.35M
700 Wharton Drive, Claremont, CA, USA
$13,350,000
$192/SF
Building Size
69,500 SF
Asset Type
Industrial
Closing
Mar 9, 2021
AI
A industrial property located at 700 W. Wharton Drive, 240-260 S. York Place & 759 W. Arrow Highway in Claremont has been sold. The property spans 69,500 square feet and was sold for a total price of $13,350,000, resulting in a price per square foot of $192.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,350,000
- Address: 700 W. Wharton Drive, 240-260 S. York Place & 759 W. Arrow Highway, Claremont
- Market: Claremont
The buyer's representatives for this transaction were Matthew Sullivan and Shane Hariz from Lee & Associates, while the seller's representative was Lee A. McCullough from Colliers International.
Players
Claremont 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93